Wichita, KS PROPEL Small Business Loan Fund opens resources to small businesses and sole proprietors

Wichita, KS PROPEL Small Business Loan Fund

PROPEL issues loans up to $20,000 to businesses with demonstrated revenue that may not qualify for traditional bank loans. Requirements for a PROPEL loan include at least two years of operations, one year of sales, and operations in low-to-moderate income neighborhoods. Each loan has a three-year repayment period and a 3% interest rate. The program focuses on businesses that are owned by women or people of color often overlooked for financing.

WK

Wichita, KS

Municipality in Kansas

United States