Revolving Loans

 St. John Main Street is proud to be a supporter of commerce in our downtown, and has worked to create an assistance program for our member businesses!

 Through our revolving loan program, a new or existing business can apply for aid to expand, improve, or add to its activities and property to make it more profitable, more efficient, and more solvent.

 Please look over the guidelines below, and see if a Main Street  Revolving Loan is right for you! A printable version of our application is available below, as well.

 Please don't hesitate to contact Brenda Reno, Revolving Loan Coordinator, at 620-549-3225 with any questions regarding the guidelines or application.

Revolving  Loan Guidelines

Revised  October 18, 2004

The revolving loan committee has established the following as  guidelines for the acquisition of a loan or loans:

  Main Street membership is required
  Maximum  loan availability is $2,000.00
  Maximum  time frame for repayment of all loans is 24 months
  Repayment  is to be monthly
  Loan rate will be 3% APR
  Facade work will need Design Committee approval, and must have copy of drawing for  the project proposal
  Anticipated  total cost of project to be shown
  Completion of simple loan application
  Terms  of repayment to be agreed upon by both parties
  If a UCC is filed, borrower to pay the filing fee
  Loan proceeds available for:
  1. Facade renovation/enhancement
  2. New or existing business expansion
  3. New  product and/or service lines

Application Form

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