- Sep 24, 2019
McPherson County E-Community Loan Program
The purpose of the E-Community program is to provide low interest loans to entrepreneurs wishing to start, purchase or expand a business in McPherson County. The loans are to be used in partnership with a financial institution and/or a Network Kansas partner as the “final piece” to complete the puzzle or “fill the gap” of financing a business start-up or expansion.
The program underwent a major revision that allows financial institutions to be the 40% loan partner with the E-Community Loan. The minimum loan amount is $3,000 and the maximum is $45,000.
Capital needed $20,000.00
Bank Loan -40% ($8,000.00)
E-Community – 60% $12,000.00
To utilize the maximum 60% available from the E-Community Loan Fund there is a 40% match required from either a bank or a Network Kansas Fund Partner (McPherson Co. Small Business Development, USDA, Main Street, South Central Kansas Economic Development Division (SCKEDD).
For more information, visit the McPherson Chamber of Commerce website.
The McPherson County Entrepreneurship Community loan program was created through the Kansas Center for Entrepreneurship Tax Credit Program and applied for by the McPherson Chamber of Commerce with designation being awarded in 2011. The McPherson County Entrepreneurship Community loan program was created through the Kansas Center for Entrepreneurship Tax Credit Program and Network Kansas. The program is administered by the McPherson Chamber of Commerce for any businesses located in McPherson County.