Edwards County E-Community Loan Program
The Edwards County Entrepreneurship Community loan program was created through the Kansas Center for Entrepreneurship Tax Credit Program and NetWork Kansas and applied for by Edwards County Economic Development with designation being awarded in 2016. The program is administered by Edwards County Economic Development for any business located in Edwards County. The purpose of the E-Community loan program is to provide low or zero interest loans to entrepreneurs wishing to start, purchase or expand a business in Edwards 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 allows financial institutions to be the 40% loan partner with the E-Community Loan. The minimum loan amount is $2,500 and the maximum is $45,000.
Capital needed $20,000.00
Bank Loan - 40% ($8,000.00)
E-Commnity - 60% $12,000.00
To utilize the maximum 60% available from the E-Community Loan Fund there is a 40% match requirement from either a bank or a Network Kansas Fund Partner (Edwards County Microloan, USDA, Great Plains Development).