ANNUAL MEETING April 28, 2011. Total Projects Funded April 1, 2010 through March 31, 2011 SBA 504 SBA 7(a) / ARC SBA Micro/NWK / E-Comm.RLF IRP / RBEGCDBG-ED.

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Presentation transcript:

ANNUAL MEETING April 28, 2011

Total Projects Funded April 1, 2010 through March 31, 2011 SBA 504 SBA 7(a) / ARC SBA Micro/NWK / E-Comm.RLF IRP / RBEGCDBG-ED CDBG Micro / RBDTC Number of Projects Total Project Amount$181,500$6,889,600$655,668$672,000$71,000$476,725$165,520 New or Retained Jobs

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