EDC Loan Corporation is the finance arm of the Economic Development Corporation of Kansas City, Mo. The EDC Loan Corporation provides assistance for businesses. Their loan programs include;
- KCMO Small Business Relief Fund
- SBA 504 Loan Program
- EDC Revolving Loan Fund
- Brownfield's Cleanup Revolving Loan Fund
- River Market Loan Fund
- Neighborhood Commercial Revolving Loan Fund
Revolving Loan Fund
The Revolving Loan Fund (RLF) assists small businesses with expansions to create and/or retain jobs in Kansas City, Missouri when conventional bank financing is not possible.
Banks typically have the first security interest and offer only 50 percent of the total financing for a project. Using a RLF allows a small business to proceed with an expansion that otherwise may not occur.
Funds for this program are provided by the U.S. Economic Development Administration.
Projects eligible for financing:
- For-profit business
- Not-for-debt refinance
- Located within the city limits of Kansas City, Missouri
A project may not eligible for financing if credit is otherwise available on terms and conditions that would allow the project to proceed.