South Central Kansas Economic Development District, Inc. “SCKEDD”
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ANNUAL MEETING April 28, 2011
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South Central Kansas Economic Development District, Inc. “SCKEDD”. ANNUAL MEETING April 28, 2011. Small Business Lending and Packaging. Total Projects Funded April 1, 2010 through March 31, 2011. Small Business Administration Microloan Program - PowerPoint PPT Presentation
Transcript of South Central Kansas Economic Development District, Inc. “SCKEDD”
ANNUAL MEETINGApril 28, 2011
Total Projects Funded April 1, 2010 through March 31, 2011
SBA 504SBA 7(a) /
ARC
SBA Micro/NWK/ E-Comm. RLF
IRP / RBEG CDBG-ED
CDBG Micro / RBDTC
Number of Projects 2 10 37 10 4 1 10
Total Project Amount $181,500 $6,889,600 $655,668 $672,000 $71,000 $476,725 $165,520New or
Retained Jobs 12 239 188 141 57 15 32
• Small Business Administration Microloan Program
• USDA Rural Microenterprise Assistance Program
• Rural Business Development Tax Credit Program
• Network Kansas and E Community Programs
$35,000 SBA Microloan
House of BeautyDerita StrongWichita, KS
Equipment, Inventory, Site Improvements,Working Capital
RBDTC $9,000Network KS RBEG $9,000Hillsboro E Community $27,000SBA Microloan $5,200Network KS Start Up KS $7,800
Total $58,000
Olde Towne RestaurantBrenda and David McGinnessHillsboro, KS
Equipment, inventory, site improvements, working capital
$29,000 SBA MicroloanTwist Inc.Shelly StilgerWichita, KS
Working capital
RBDTC $48,020Sterling Alden E Community $45,000
Total $93,020
($23,520 of the RBDTC funds raised by Sterling / Alden and reserved for E Community Match)
Jeremy’s Paint and BodyJeremy and Amy KroekerSterling, KS
Building construction and equipment
$42,750 RMAP$14,250 RBDTC
Total $57,000
Bentley Corner Bar & GrillJanice and Scott GriffinBentley, KS
Building purchase
$15,000 RMAP$5,000 RBDTC
Total $20,000
Capable Hands, Inc. dba Releaf LandscapesSharon ScottSouth Hutchinson, KS
Working Capital
• KS Dept. of Commerce Neighborhood Stabilization Program “NSP”
• KS Dept. of Commerce “CDBG-ED”
• EDA Revolving Loan Fund “RLF”
• USDA Intermediary Relending Program “IRP”
• Small Business Administration 504
• Small Business Administration 7(a)
NSP
531 S. Estelle, Wichita
“BEFORE”Purchase, Rehab and Financing Mechanisms
NSP
531 S. Estelle, Wichita
“AFTER”Purchase Price $88,000
NSP
523 Old Main, Newton
Purchase lot and Redevelopment
CDBG-ED $476,725SBA 7(a) $245,275Capital Injection $30,000
Total $722,000
Tortilla King, Inc. Juan Guardiola and Robert RatzlaffMoundridge, KS
Purchase and install waste water pretreatment plant, purchase of corn tortilla line machinery & equipment and provide working capital
RLF $70,000MicroLoan $30,000
Total $100,000
Advatec , LLCDoug Hodgens and Sean ReedWichita, KS
Working Capital
RLF $125,000Bank $285,000Cap. Inj. $106,517
Total $516,517
Fairchild Interiors and Design, LLCBob and Jan ColvinWichita, KS
Leasehold Improvements and Working Capital
504 $120,000Bank $167,0007(a) $123,550Cap. Inj. $113,600
Total $524,150
Woydziak HardwareJason Huddleston and John JohnsonLyons, KS
Purchase existing business including building, equipment and inventory
SBA 7(a) $350,000
Gaslamp GrilleWhitney VinZantWichita, KS
Leasehold improvements, equipment and inventory
