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Economic Development

Revolving Loan Fund

Charles Brockman
701 North 7th Street
Phone: 913-573-5730
Email: cbrockman@wycokck.org

Office Hours are Monday thru Friday, 8 a.m. to 5:00 p.m.  

The Unified Government recognizes the needs of the small business community. To address this challenge, we are pleased to offer the Revolving Loan Fund (RLF). 

Loan Types RLF Requirements
  • Real Estate Loan - Up to 15 year term
  • Machinery & Equipment Loan - Up to 10 year term
  • Working Capital - Up to 3 years
  • Maximum loan of $200,000
  1. All applicant must submit documentation from a financial institution
    denying full participation on the project
  2. The Loan requires a 2 to 1 private to public dollar match
    • For example, the purchase of a 300,000 facility
      would be requiring $200,000 from the applicant to
      recieve $100,000 from the Revolving Loan Fund
  3. For every $50,000 of a RLF loan, the applicant must create one
    new full time job.
  4. Each loan will require sufficient collateral to secure the
    repayment of the loan.
  5. Funds used for construction must comply with Davis-Bacon provisions

 




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