Atchison E-Community Program has been offering gap financing loans since 2017. The loans are for small business start-ups, expansions and acquisitions. Businesses like laundromats, coffee shops, wine bars, contractors and hair salons have used this locally controlled, revolving loan fund as gap financing to make their small business ideas work. In the past five years of operation the Atchison E-Community Program has now closed over 30 loans totally nearly $1.5 million in gap financing for local small businesses. Currently, the Atchison E-Community’s loan portfolio has no failed loans and no accounts past due.
Source: City Government | atchisonglobenow.com
