Business Resource Guide: Obtain financing for your business
In October 2011, Saint Louis based Justine PETERSEN introduced its Regional Microloan Fund to Kansas City Entrepreneurs.
The Kansas City Regional Microloan Program is targeted toward assisting metropolitan Kansas City micro entrepreneurs who need capital to start or grow an existing small business. The goal of the program is to assist the individual in becoming more bankable either via traditional lending avenues or via a microloan program available through this fund. The amount of financing through the microloan program can vary, but in no case can exceed $50,000. The most typical microloan is in the range of $5,000 to $10,000.
The state of Missouri operates Missouri SourceLink to provide information about financing, business planning and state and federal regulatory and tax requirements. This office also provides assistance in dealing with state agencies.
The U.S. Small Business Administration provides online information on obtaining financing for your business and seeking additional financing to grow your business once operations are under way.
The Economic Development Corporation of Kansas City, Mo. (EDC), can provide information on financing and development incentives. There are a number of geographically-based incentive programs that may be beneficial to your business, including the Enhanced Enterprise Zone. Contact the Economic Development Corporation for information on long-term project financing incentive programs.
Economic Development Corporation of Kansas City, Mo.
1100 Walnut St., Suite 1700; Kansas City, MO 64106
Phone: 816-221-0636; Fax: 816-221-0189; Toll free: 800-889-0636
The U.S. Small Business Administration may also be able to assist you with business financing and advice.
U.S. Small Business Administration
Kansas City District Office, 1000 Walnut St., Suite 500; Kansas City, MO 64106