Sometimes entrepreneurs just need a little jolt to get their dream off the ground.
That’s exactly what the EDC Loan Corp does for small to mid-sized MBE / WBE businesses. While many of these businesses are located east of Troost, any business within the city limits of Kansas City, Missouri are considered as well.
The EDC Loan Corp provides working capital as an RLF (Revolving Loan Fund) anywhere from $5,000 up to $100,000 in 5, 7, and 10-year loan amounts depending on a range of considerations.
As new stewards of this initiative, EDCKC will be featuring stories from loan recipients (see the feature on Urban Café) and would encourage you to spread the word with anyone who:
- Has been turned down for a loan by the bank
- Is interested in starting or growing a small to medium-sized business
- Is looking to develop and own real estate
- Might be able to spread the word within their organization (neighborhood groups, churches, accelerators, etc.)
This effort ties in directly to part of our mission to attract, expand and retain jobs across Kansas City, Missouri, which is why Loan Corp is one of our five strategic initiatives. We can’t wait to see what’s in store for the future of Loan Corp and those that have been and will become, loan recipients.
For questions and more information on Loan Corp, check out this web page.