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State Small Business Credit Initiative

The Kansas Capital Multiplier Loan and Venture Funds are programs that provide matching funds through a partner network to eligible businesses in communities across Kansas. Initial funding was provided through the United States Treasury via the State Small Business Credit Initiative (SSBCI).

Kansas Capital Multiplier Loan Fund

Under the Kansas Capital Multiplier Loan Fund, businesses can apply for matching loans up to 9% of the private capital invested. Private capital invested must include a loan provided by financial institution. , Private capital can also include certified development companies and other sources of private lending, the entrepreneurs’ investment, and funds provided by angel investors and angel investor groups. The minimum loan from the Kansas Capital Multiplier Loan Fund is $25,000, with a maximum loan of $250,000.

Kansas Capital Multiplier Venture Fund

Under the Kansas Capital Multiplier Venture Fund, businesses can apply for matching equity up to 9% of the private equity invested. Private equity invested includes funds invested by private equity firms and angel investors. Businesses eligible include technology and bio-sciences companies working with a state entrepreneurial center and/or University Center of Excellence. Rural businesses or businesses in distressed areas of urban communities that meet critical community needs; growth businesses with local angel investors; or larger businesses with less than 500 employees that have local angel investors and significant private equity investment may also qualify. The minimum equity investment contribution from the Kansas Capital Multiplier Venture Fund is $25,000, with a maximum equity investment contribution of $250,000.

For more information about applying for the Kansas Capital Multiplier Loan or Venture Funds, please visit NetWork Kansas at www.NetWorkKansas.com.

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Susan NeuPoth Cadoret Director, Business & Community Development Email (785) 296-5298 LinkedIn

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