ANNUAL MEETING April 28, 2011. Total Projects Funded April 1, 2010 through March 31, 2011 SBA 504...

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