Wichita Launches PROPEL Loan Program for Minority and Women-Owned Businesses

The City of Wichita announced the second round of the PROPEL (Providing Resources & Opportunities for Proprietors, Entrepreneurs & Lenders) Small Business Loan Fund today. The low-interest, short-term revolving loan program was developed to make access to capital more readily available to minority-owned and women-owned firms and businesses located in Wichita City Council District 1. Funding of $220,000 in Community Development Block Grant (CDBG) money has been allocated to the revolving loan fund, along with a generous contribution from INTRUST Bank, to enable the PROPEL fund to extend participation to business owners throughout Wichita on an ongoing basis. The next round of PROPEL funding will accept applications now through Friday, March 18, 2022.
Source: Country 101.3 KFDI