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.

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.

These grant funds were

awarded in 2011 to enhance the SCDC loan pool. The funds are loaned, not

granted, to local projects. This funding mechanism works well when

partnered with personal capital, local lenders and SCDC loan pool

funds. Again, applicants must provide an injection of cash or capital

assets. Job creation is required to utilize these funds.

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 enterprise

coaching, and applications are available at the SCDC office.