SBA Kansas City District Office Celebrating 7 Billion Dollars in Approved SBA Loans

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Kansas City District Office  - August 2019

u s small business administration

SBA Kansas City District Office Celebrating 7 Billion Dollars in Approved SBA Loans. Join us!

loan

On August 29, 2019 a celebration will be held at the Missouri Sports Hall of Fame, at 3861 East Stan Musial Drive, Springfield MO 65809 from 10:30 am until 12:00 pm. U.S. Small Business Administration (SBA) is celebrating $7 Billion Dollars of approved loans for Kansas City District Office (KCDO). KCDO opened in 1953 and the new SBA staff approved the first loan on January 7, 1954. Our $7 Billionth dollar of financing was provided to Ridge Road Farms of Neosho MO, who raise puppies for retail sale.  Guaranty Bank of Springfield made the deal happen.  

The first borrower at KCDO was Rowley Grain Company of Rowley IA, a rural grain elevator which continues under another name today. That first Kansas City loan was for $66,000 and it was paid in full.  There were 94 more loans approved by the Kansas City staff that year. KCDO was the only office for all of region 7 (Missouri, Kansas, Iowa and Nebraska) until 1960 when other district offices were opened in Des Moines and Omaha, St Louis and Wichita.  Area lenders have made a total of 40,517 SBA loans since 1954 and over $7 Billion in approvals. 

The SBA, under its 7(a) Loan Guaranty Program, can guarantee loans up to $5 million for small businesses. Loans are available for most business purposes, such as to purchase commercial real estate, equipment, and inventory as well as for short-term working capital. The interest rate normally will not exceed 2.75 over the prime lending rate. Maturities range from 1 year to 25 years based on the use of proceeds.

For those interested in attending the event, please click here.

All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made if requested at least two weeks in advance. Contact: Mike McWhorter at michael.mcwhorter@sba.gov or 816-426-4916.

 

We Want to Hear From You!

Do you have three minutes? Take SBA’s Customer Experience Feedback Survey to help us better serve you. Your feedback is valuable and will help us better determine how we can improve our services. This survey is intended for current and prospective small business owners who have interacted with an SBA office. All responses are anonymous. Thank you in advance for your time.

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Kansas City Based Rightfully Sewn Awarded First Government Grant to Expand Workforce Development Effort

Match

On 8/20/2019, the SBA announced the winners of the Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition, awarding $1 million in prize money to competition winners. Makerspaces are uniquely positioned to help innovate training for the workforces of today and tomorrow, and spur economic development across the country. Through the MaTCH competition, the winners will be able to directly support vocational education, develop apprenticeships, and cultivate access to entrepreneurship. Multiple winners are also located in Opportunity Zoneswhere job creation and investments are moving forward to revitalize communities. Congratulations to Rightfully Sewn of Kansas City, one of the twelve winners. Learn more!

SBA Springfield Branch Office Moved to a New Location!

New Address:

Hammons Tower

901 East St. Louis Street, Suite 704

Springfield, MO 65806

Phone (417) 413-5793

Fax (417) 889-0074

 

SBA Kansas City District Office Directory

Jon Malcolm Richards, District Director, (816) 426-4903

Dennis Larkin, Deputy District Director, (816) 426-4914

Mike McWhorter, Lead Lender Relations Specialist, (816) 426-4916

Carolina Vargas, Lender Relations Specialist, (816) 426-4913

Ken Surmeier, Business Opportunity Specialist, (816) 426-4919

Ram Basnet, Economic Development Specialist/PIO, (816) 426-4908

Lisa Zimmerman, Lender Relations Specialist – Springfield Branch, (417) 771-8455