ACCESS TO CAPITAL
A SOLUTION TO
capital access
IN WICHITA, KANSAS
access to capital shortfalls exist for
startup entrepreneurs.
The Create Capital Fund offers a new approach to business lending.
how it works
Through the use of private dollars, Create Campaign is able to broaden the criteria to offer
short-term microloans in the amounts of $2,500 to $25,000 to qualified business owners, who may not otherwise qualify for traditional lending, to grow their businesses while also improving their financial profile.
Create Campaign also partners with financial institutions and Network Kansas on
gap-financing and matching financing for applications of up to $100,000
to those who qualify. Criteria for qualification varies.
Business owners who qualify may use the funds to purchase inventory, equipment, materials and other supplies necessary to grow their enterprises.
OUR FUNDING APPLICATION PROCESS
sTEP ONE
Schedule a funding consultation with Create Campaign
sTEP TWO
If approved to continue in our funding pipeline for consideration, complete and submit
all requested forms.
sTEP three
If invited to continue in our funding pipeline for consideration after a forms review, you'll be invited to participate in a follow-up funding consultation to prepare to go before our funding committee.
sTEP four
Our funding committee meets the third Tuesdays monthly to review loan applications.
Approvals and declines are communicated with prospective borrowers. If funding is approved, participants work through the closing process and funds are disbursed electronically. Repayments begin 30-45 days after funding is disbursed.
APPLICATION CRITERIA
Funding criteria varies by program. A general guide is below:
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Be legally-structured for-profit entities as defined by the Kansas Secretary of State’s Office and must be in good standing with the state.
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Be in business for at least six months to two years prior to application
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Be socially and/or economically disadvantaged, as described the U.S. Small Business Administration
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Be located within the Wichita City limits as described by the City of Wichita, particularly within zip code 67214
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Be free from bankruptcies within the past seven years
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Possess a credit score of at least 540 for microloan programs and 680 for matching/gap-financing programs
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Must be free from delinquencies for at least six months prior to application
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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.)
