Business Development

Business Development is bucking the economic trend in Scott City these days. As a community that depends largely on the success of farming and livestock, this western Kansas town is growing! The progressive nature of Scott City and the people who live here is not a new trend, however.

From its beginning in 1885, Scott City has been unique. A woman named Maria DeGeer ventured from Chicago to found Scott City proper. Early records and journals indicate settlers in Scott City were “hearty, progressive, visionary people who were tested many times through drought and blizzard conditions. These individuals who had stamina and faith stayed. They possessed a love of this prairie and passed it to their descendants.”

 

LOAN POOL FUNDS FOR BUSINESS VENTURES – SCDC is fortunate to access roughly $500,000 for loans to qualifying emerging (start-up), existing and expanding Scott County businesses.  The Board of Directors and Staff of SCDC understand their role to the entrepreneur.  SCDC funding often provides the gap financing to fund a project that might otherwise be considered “too risky”.  Working with local lenders has proven to be advantageous for borrowers.  Loan terms vary from project to project, but interest rates are competitive and terms are friendly.  SCDC does not charge fees for business plan coaching, market analysis and general assistance.  SCDC stands ready to help YOU, when YOU are ready to start your business on a firm foundation

SCOTT COUNTY MICRO LOAN PROGRAM is available for businesses located in Scott County that have five or fewer full-time employees. The program must meet 51% participation by low to moderate income applicants. Not all projects must meet this requirement, just 51% of the projects. Maximum loan amount is $25,000 . All start-up businesses MUST provide an injection of cash or tangible assets. Existing businesses must show a positive net worth. Can be a stand-alone financing source or coupled with other loans. Once loan is repaid, the funds are loaned to other businesses.

E(ENTREPRENEURSHIP)-COMMUNITY PROGRAM (THROUGH NETWORK KANSAS) LOAN POOL was introduced to Scott County through a tax credit grant received from Network Kansas. These funds are intended to energize and empower communities to help entrepreneurs and financial partners transform ideas into strong, sensible business opportunities. E-community funding requires a partner like SCDC to fulfill that role. More information, business entreprise coaching, and applications are available at the SCDC office.

Additional resources

Scott County Development Committee, Inc. and E-Community Leadership Team
113 East Fifth Street Scott City, KS 67871
Katie Eisenhour, Executive Director scdcdirector@wbsnet.org
(620) 872-3525 x2

Network Kansas Western Region Entrepreneurship Manager, Simone Elder, selder@networkkansas.com
(785) 626-0666

Kansas Department of Commerce
SWKS Regional Business and Community Development Office Carol Meyer,
P.O. Box 496 Ga(rden City, KS 67846-0496 Phone: 620) 755-6738  Carol.Meyer@ks.gov
Small Business Development Center 
Seward County Community College, 2215 N. Kansas Ave Liberal, KS, Cheryl Schmale, Assistant Director, cschmale@gcnet.com (620) 417-1955

USDA Rural Development
Doug Bruggeman, Area Specialist Doug.bruggeman@ks.usda.gov
(785) 628-3081 x437 Hays, KS

Security State Bank 506 S Main St
620-872-2108 www.ssbscott.com

 Western State Bank 1425 S Main St
620-872-2227 www.wsbks.com
Farm Credit of Southwest Kansas, 1422 South Main Street, (620) 872-5391 www.farmcreditconnect.com
First National Bank 501 S Main St
620-872-2143 www.fnbscott.com