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Micro Loan

The EDC Loan Corp Microloan Program will provide small, short-term, low-interest rate loan funding to help small businesses within the city limits of Kansas City Missouri, for affordable working capital or small infusion of capital needs. The funding can be used for a variety of business purposes such as working capital to purchase inventory or supplies, cover payroll, training employees and cover seasonal expenses. Preference will be made to businesses that are minority or woman owned or operating in financially distressed communities.

The Program allows for loans up to $15,000 at a straight 3.5% - 5.00% based interest rate.

Loan repayment terms are flexible and specific to each loan.

Eligibility Requirements:


  • Private, for profit businesses that are considered as such, per the Small Business Administration guidelines

  • Based and located in the City Limits of Kansas City, Missouri

  • Employ 10 or less Employees

  • Have $75,000 or less in annual revenue

  • Borrower must demonstrate profitability, a positive tangible net worth and proof of an open status

  • Be able to provide income verification (past 12 months of financial statements, past year of personal/business tax returns, organizational documents, certificate of good standing and proof of a financial business impact from the Covid-19 Pandemic Financial Crisis

  • 2-forms of ID

  • Home-based businesses or franchises are not eligible

  • Political activities, private clubs, financing/investment companies, or business in which a state, local or federal elected official, or employee of City has ownership are not eligible

  • Personal Guarantee required

  • Other criteria may apply

Not sure which type of loan is right for you?

We can help, contact us

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