Program Summary - Kansas Capital Multiplier Funds
The Kansas Capital Multiplier Loan and Venture Funds were launched in August of 2011. These unique programs provide matching funds through the NetWork Kansas partner network to eligible businesses in communities across Kansas. Funding is provided through the United States Treasury via the State Small Business Credit Initiative (SSBCI).
Kansas Capital Multiplier Loan Fund
Under the Kansas Capital Multiplier Loan Fund, businesses can apply for matching loans up to 9% of the private capital invested. Private capital invested includes the amount of the loans provided by financial institutions, certified development companies and other sources of private lending. Private capital also includes the entrepreneurs’ investment and funds provided by angel investors and angel investor groups. The minimum loan from the Kansas Capital Multiplier Loan Fund is $25,000, with a maximum loan of $500,000.
Kansas Capital Multiplier Venture Fund
Under the Kansas Capital Multiplier Venture Fund, businesses can apply for a matching investment up to 9% of the private equity invested. Private equity includes funds invested by private equity firms and angel investors. Businesses eligible include technology and biosciences companies working with a state entrepreneurial center, University Center of Excellence, and/or the Kansas Bioscience Authority (KBA). Rural businesses or businesses in distressed areas of urban communities that meet critical community needs, are growth businesses with local angel investors, or are larger businesses with fewer than 500 employees that have local angel investors and significant private equity investment may also qualify. The minimum equity investment contribution from the Kansas Capital Multiplier Venture Fund is $25,000, with a maximum equity investment contribution of $250,000.