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CREATE CAPITAL FUND
A SOLUTION TO
MINORITY BUSINESS FUNDING
IN WICHITA, KANSAS
CREATE CAPITAL FUND
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.
APPLICATION CRITERIA
To be considered, businesses must:
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Be legally-structured for-profit entities as defined by the Kansas Secretary of State’s Office
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Be in business for at least six months 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
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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.)
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)
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Cash Flow template - provided by SCORE
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Balance Sheet (projected) - provided by SCORE
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Profit and Loss Statement - provided by SCORE
Application and other fees apply. See application for details.
SECURE DOCUMENT UPLOAD
ABOUT
the fund
The Create Capital Fund is a partnership between Create Campaign, Inc. and the Bravely Onward Fund
at the Wichita Community Foundation
LEAD CONTRIBUTORS
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contribute
The Create Capital Fund is seeking contributions to help grow our revolving loan fund to $250,000. Contributions will be matched for maximum impact. The Create Capital Fund is an initiative of Create Campaign, Inc., a 501c3 tax-exempt non-profit, which is helping urban entrepreneurs in Kansas to launch, innovate and excel.
For contribution inquiries, please contact us.
let's create
The Create Capital Fund is one innovative solution to boosting minority business ownership.
Want to explore other pivotal ideas for this demographic that is prime for growth?
CONTACT US AND LET'S CREATE
OTHER funding PROGRAMS
Create Campaign is a partner with the following microloan programs.
Inquire with Create Campaign to determine which programs may best meet your needs. Eligibility and application criteria applies to all programs.
City of Wichita
PROPEL Small Business Loan Fund
Powered by the City of Wichita, INTRUST Bank and the City of Wichita's CDBG program, this loan fund allows up to $20,000 in funding for inventory, marketing/advertising, office equipment, supplies and more.
This program is open to borrowers in specific geographies within Wichita, women, minorities and economically-disadvantaged business owners.
NetWork Kansas
EMPOWER Loan
Powered by NetWork Kansas, this loan fund allows up to $15,000 for a broader range of uses including consolidation and working capital.
This program is open to Wichita borrowers who are minority business owners.
The Kansas Department of Commerce and NetWork Kansas'
GROWKS Loan Fund
Powered by the US Department of the Treasury and administered by the Kansas Department of Commerce and NetWork Kansas, this matching loan fund allows $100,000+, depending on approval, for a variety of uses including property purchase, remodeling, working capital and more.
Eligible applicants must have been approved for a loan from a bank or a CDFI within three months of inquiring about this loan program.
This program is open to Wichita borrowers who are minority-, women- and socially-disadvantaged business owners.
The Kansas Department of Commerce and NetWork Kansas'
GROWKS Equity Fund
Powered by the US Department of the Treasury and administered by the Kansas Department of Commerce and NetWork Kansas, this equity investment fund matches private investment starting at $50,000 with the option for a second round of funding.
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