annual meeting april 28, 2011. total projects funded april 1, 2010 through march 31, 2011 sba 504...
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ANNUAL MEETINGApril 28, 2011
Total Projects Funded April 1, 2010 through March 31, 2011
SBA 504SBA 7(a) /
ARC
SBA Micro/NWK/ E-Comm. RLF
IRP / RBEG CDBG-ED
CDBG Micro / RBDTC
Number of Projects 2 10 37 10 4 1 10
Total Project Amount $181,500 $6,889,600 $655,668 $672,000 $71,000 $476,725 $165,520New or
Retained Jobs 12 239 188 141 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 BeautyDerita StrongWichita, KS
Equipment, Inventory, Site Improvements,Working Capital
RBDTC $9,000Network KS RBEG $9,000Hillsboro E Community $27,000SBA Microloan $5,200Network KS Start Up KS $7,800
Total $58,000
Olde Towne RestaurantBrenda and David McGinnessHillsboro, KS
Equipment, inventory, site improvements, working capital
$29,000 SBA MicroloanTwist Inc.Shelly StilgerWichita, KS
Working capital
RBDTC $48,020Sterling 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 BodyJeremy and Amy KroekerSterling, KS
Building construction and equipment
$42,750 RMAP$14,250 RBDTC
Total $57,000
Bentley Corner Bar & GrillJanice and Scott GriffinBentley, KS
Building purchase
$15,000 RMAP$5,000 RBDTC
Total $20,000
Capable Hands, Inc. dba Releaf LandscapesSharon ScottSouth 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 $476,725SBA 7(a) $245,275Capital Injection $30,000
Total $722,000
Tortilla King, Inc. Juan Guardiola and Robert RatzlaffMoundridge, KS
Purchase and install waste water pretreatment plant, purchase of corn tortilla line machinery & equipment and provide working capital
RLF $70,000MicroLoan $30,000
Total $100,000
Advatec , LLCDoug Hodgens and Sean ReedWichita, KS
Working Capital
RLF $125,000Bank $285,000Cap. Inj. $106,517
Total $516,517
Fairchild Interiors and Design, LLCBob and Jan ColvinWichita, KS
Leasehold Improvements and Working Capital
504 $120,000Bank $167,0007(a) $123,550Cap. Inj. $113,600
Total $524,150
Woydziak HardwareJason Huddleston and John JohnsonLyons, KS
Purchase existing business including building, equipment and inventory
SBA 7(a) $350,000
Gaslamp GrilleWhitney VinZantWichita, KS
Leasehold improvements, equipment and inventory