"Access to credit is essential for Kansas small businesses and is vital to our state’s economy. By increasing the available capital through SSBCI, we can provide more opportunities to all Kansans and help small businesses prosper.”
Lt. Governor and Secretary of Commerce David Toland
THE PATH TO LAUNCH
THE GROWKS LOAN AND EQUITY PROGRAMS
GROWKS LAUNCH HIGHLIGHTS
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Program launch is expected in mid-August.
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All entrepreneurs/small businesses interested in applying will need to be connected with a NetWork Kansas-approved resource partner. This list of approved partners may include Kansas non-profit organizations such as Certified Development Companies and other technical assistance providers. It also may include some Entrepreneurship (E-) Communities. Please email info@networkkansas.com or call 1-877-521-8600 to be connected with the appropriate partner to start the process.
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Kansas was allocated about $69M in State Small Business Credit Initiative (SSBCI) dollars.
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The programs created as a result of the allocation are called the GROWKS Loan Fund and GROWKS Equity Programs.
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GROWKS Loan Fund and GROWKS Equity programs will provide loans and equity investments that match private capital investment.
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The programs are designed to focus on underserved geographies (rural/urban-distressed/statewide), underserved populations (minority/women/economically disadvantaged) and business types (target sector).
GROWKS is now open for business.
FOR MORE INFORMATION
Call (877) 521-8600
or Email info@networkkansas.com
GROWKS is authorized under the American Rescue Plan by the U.S. Department of the Treasury State Small Business Credit Initiative
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