ANNUAL MEETING
April 28, 2011
Total Projects Funded
April 1, 2010 through March 31, 2011
SBA
SBA 7(a) / Micro/NWK
SBA 504
ARC
/ E-Comm.
Number of
Projects
2
10
37
Total Project
Amount
$181,500 $6,889,600 $655,668
New or
Retained Jobs
12
239
188
RLF
IRP /
RBEG
CDBG-ED
CDBG
Micro /
RBDTC
10
4
1
10
$672,000 $71,000 $476,725 $165,520
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 Beauty
Derita Strong
Wichita, KS
Equipment, Inventory, Site
Improvements,Working
Capital
RBDTC $9,000
Network KS RBEG $9,000
Hillsboro E Community $27,000
SBA Microloan $5,200
Network KS Start Up KS $7,800
Total $58,000
Olde Towne Restaurant
Brenda and David McGinness
Hillsboro, KS
Equipment, inventory, site
improvements, working capital
$29,000 SBA Microloan
Twist Inc.
Shelly Stilger
Wichita, KS
Working capital
RBDTC $48,020
Sterling 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 Body
Jeremy and Amy Kroeker
Sterling, KS
Building construction and
equipment
$42,750 RMAP
$14,250 RBDTC
Total $57,000
Bentley Corner Bar & Grill
Janice and Scott Griffin
Bentley, KS
Building purchase
$15,000 RMAP
$5,000 RBDTC
Total $20,000
Capable Hands, Inc. dba
Releaf Landscapes
Sharon Scott
South 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 $476,725
SBA 7(a) $245,275
Capital Injection $30,000
Total $722,000
Tortilla King, Inc.
Juan Guardiola and Robert Ratzlaff
Moundridge, KS
Purchase and install waste water
pretreatment plant, purchase of
corn tortilla line machinery &
equipment and provide working
capital
RLF $70,000
MicroLoan $30,000
Total $100,000
Advatec , LLC
Doug Hodgens and Sean Reed
Wichita, KS
Working Capital
RLF $125,000
Bank $285,000
Cap. Inj. $106,517
Total $516,517
Fairchild Interiors and Design,
LLC
Bob and Jan Colvin
Wichita, KS
Leasehold Improvements and
Working Capital
504 $120,000
Bank $167,000
7(a) $123,550
Cap. Inj. $113,600
Total $524,150
Woydziak Hardware
Jason Huddleston and John Johnson
Lyons, KS
Purchase existing business including
building, equipment and inventory
SBA 7(a) $350,000
Gaslamp Grille
Whitney VinZant
Wichita, KS
Leasehold improvements,
equipment and inventory