Today, the Create Campaign, announced a new solution for minority business funding in Wichita, KS., The Create Capital Fund.  Recognizing that small minority entrepreneurs have a harder time gaining access to capital, the fund broadens the criteria for minority-owned businesses to qualify for short-term microloans. 

Through the fund, a qualified minority-owned businesses can receive a short-term microloan in amount of $2,500 to $25,000.  The funds can only be used to purchase inventory, equipment, materials and other supplies necessary to grow the business. 

It’s a great program for entrepreneurs who might not otherwise be able to qualify for traditional lending.  The fund received an initial $25,000 grant from the Bravely Onward Fund, which was created to provide grant funding to non-profits with programs serving current or aspiring entrepreneurs. The grant includes the opportunity for an additional $100,000 in matching funds.  So consider donating to the fund as a way to help small and disadvantaged businesses in Wichita. 

“The Bravely Onward Fund’s bold alliance with the Create Campaign paves the way for innovative solutions to systemic challenges facing minority entrepreneurs,” said Christina Long, president and CEO of Create Campaign, Inc. “Together, we will empower people in our community who are ripe for resources to solidify their entrepreneurial development.”

The Create Campaign, is a 501c3 focused on helping urban entrepreneurs in Kansas launch, innovate and excel.

To participate in the program, businesses must be legally organized in Kansas, be at least 6 months old, and the principal must have a credit score of at least 540 and be from a economically or socially disadvantaged group.  Finally, the principals must agree to receive business development assistance through the Create Campaign or participating partner (i.e. Kansas Small Business Development Center, SCORE Mentors, NetWork Kansas, the Center for Entrepreneurship at Wichita State University, etc.)

For more information, go to: https://www.createcampaignks.com/createcapital.  

Leave a comment

Your email address will not be published. Required fields are marked *