We put the package together so the business owner and the banker can focus on their work. The 504 program can literally make the difference that allows a business to get started successfully.
The 504 Program offers a creative way for lenders to offer business customers outstanding terms, including down payments as low as 10 percent and long-term, fixed interest rates. By combining 504 loans with traditional loans, the 504’s attractive terms create a total loan package that offers small- and medium-size companies the type of leverage usually reserved for Fortune 500 companies. As a result, they have more operation capital in their early, critical months.
Both bankers and business owners sometimes hesitate to utilize SBA programs because of their reputation for complexity. At one time they were very complicated and there was a lot of paper work, but this is not your mother’s SBA anymore. Another factor is the MSBF itself. Operated by the Clay County Economic Development Council, Midwest Small Business Finance represents a 34-year-old record of helping area business with the 504 Program and other loans, including the SBA 7(a) loan program and the organization’s own Revolving Loan Fund program.
With these programs, a business owner or entrepreneur can access low interest, long-term capital with a minimal down payment and extremely favorable terms. This really opens doors for people who traditionally could not raise the kind of capital needed to start a business. It’s a program that really sells itself, but we have to tell people about it. That communication issue is a major reason behind creation of the Midwest Small Business Finance identity.
Although MSBF was formed in 1982 under the name of "The Clay/Platte Development Corporation," its relatively low-key approach and original geographic identity led many to overlook its potential for their business or clients. The new name also better reflects the organization’s growing service area. MSBF loan recipients have included everything from attorneys to tax centers.
Board of Directors
Loan Screening Committee
Midwest Small Business Finance is an affiliate of the Clay County Economic Development Council.
FINANCING YOUR BUSINESS CAN BE HARD
As showcased in Ingram's Magazine, Corporate Kansas City
Underutilized tools for small business creation and expansion are being aggressively advanced by Midwest Small Business Finance. The organization is making low-interest, long-term capital easily available. The funds are offered exclusively for small and medium business startups or expansion throughout Missouri.
Brett Bailey, A & B Body Shop, Inc.
Brian Bechtel, Metropolitan Community College
Marc Brookings, Symphonic Financial Advisors
Bruce Cramer, Cramer Capital Management
Pat Casey, Premier Coach
Jim Clarke, Economic Development-Harrisonville
Ryan Coppess, Country Club Bank
Brett Daffron, Commerce Bank
Karine Decker, Midwest Regional Bank
Sal DiMiceli, First Bank of Missouri
Paul Harrell, NKC School District
Julia Harvala, Spectrum Financial
Darren Hennen, Olsson & Associates
Lee Langerock, Ennovation Center, Indep. EDC
Terry Lindhorst, Banker
Anna-Marie Martin, Baskin-Robbins
Eric Massey, Applied Resources
Jon W. Mathews, Greater KC Community Foundation
Dana Matt, Platte Valley Bank
Ron Martino, Arvest Bank
Josh McKim, Nodaway County EDC
Vern Middleton, Retired Banker
Kathy Morgan, City of Albany
Victor Panus, Panus Law Firm, LLC
Bill Rice, Citizens Bank
Michael Scarbrough, Cochran, Head, Vick & Co.
Michael Stachowski, Professional Accounting Srv
Alicia Stephens, Platte County EDC
Jim Still, BKD LLP
Michele Walters, Alterra Bank
Charles Wolf, Retired Banker
1251 NW Briarcliff Parkway, Suite 25
Kansas City, Missouri 64116
Phone - 816-468-4989
Fax - 816-587-1996
WE MAKE IT SIMPLE
We provide financing for the fixed assets your business needs.
Tom Pryor, President, Pryor Appraisal Services
Brad Cole, Antioch Insurance Agency
Pete Hall, Secretary, Brown & Company
Debbie Hopkins, Platte Valley Bank
Susan Cooper, SE Cooper & Associates
Lisa McIntire, Arvest Bank
Jerry Nolte, Commissioner, Clay County
Tom Demesko, NT Realty
Melika Harris, Attorney, Cerner Corporation
Ron Schieber, Commissioner, Platte County
Reuben Siverling, Business Capital Resources, LLC
Jim Hampton, email@example.com (non-voting) - Asst. Secretary/Asst. Treasurer, Executive Director, Midwest Small Business Finance, Executive Director, Clay County Economic Development Council.
Frances Sheffield, EDFP
Business Retention Specialist
About Midwest Small Business Finance:
Serving Missouri Since 1982
For immediate service call 816-468-4849
Midwest Small Business Finance I 1251 NW Briarcliff Parkway , Suite 25 I Kansas City, Missouri 64116 I PHONE: 816-468-4989