CREATE CAPITAL FUND
A SOLUTION TO
MINORITY BUSINESS FUNDING
IN WICHITA, KANSAS
A funding shortfall exists between
minority and non-minority entrepreneurs.
The Create Capital Fund offers a new approach to minority business lending.
how it works
Through the use of private dollars, we’re able to broaden the criteria to offer
short-term microloans in the amounts of $2,500 to $25,000 to qualified minority business owners, who may not otherwise qualify for traditional lending, to grow their businesses while also improving their financial profile.
Business owners who qualify may use the funds to purchase inventory, equipment, materials and other supplies necessary to grow their enterprises.
To be considered, businesses must:
Be legally-structured for-profit entities as defined by the Kansas Secretary of State’s Office
Be in business for at least six months prior to application
Be socially and/or economically disadvantaged, as described the U.S. Small Business Administration
Be located within the Wichita City limits as described by the City of Wichita, particularly within zip code 67214
Be free from bankruptcies within the past seven years
Possess a credit score of at least 540
Must be free from delinquencies for at least six months prior to application
Agree to receive business development assistance through the Create Campaign or participating partner (i.e. Kansas Small Business Development Center, SCORE Mentors, NetWork Kansas, the Center for Entrepreneurship at Wichita State University, etc.)
APPLICATION & DOCUMENTS
Application, document checklist and business summary template
Electronic documents - Please click on the filenames below to access each document
(remember to refer to the Document Checklist on the application to ensure you're
submitting a complete application)
Cash Flow template - provided by SCORE
Balance Sheet (projected) - provided by SCORE
Profit and Loss Statement - provided by SCORE