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The fund provides loans up to $15,000 to businesses that have the ability to repay a loan, but may not be able to obtain financing through traditional sources.

PROPEL

Applications have closed for the first round of funding. Please continue to check back for program updates.

Providing Resources & Opportunities for Proprietors, Entrepreneurs & Lenders

The PROPEL District 1 Loan Fund is a low-interest, short-term revolving loan program. The fund serves as another resource to help make access to capital more readily available to businesses located in Wichita City Council District 1. The microloan program helps provide general working capital to qualifying small businesses.

The fund provides loans up to $15,000 to businesses that have the ability to repay a loan but may not be able to obtain financing through traditional sources.

Program Goals

  • Encourage business ownership and self-employment as a means of economic self-sufficiency for low- and moderate-income individuals.
  • Bridge the gap for businesses which might eventually qualify for bank financing and assist in preparing businesses for traditional bank relationships.
  • Spur job creation and retention for low- and moderate- income residents of the community who are employees of participating small businesses.
  • Promote entrepreneurship and business innovation as a means of harnessing the creative potential of small business and investing in the economic success of the community.

Requirements for PROPEL Loans

  1. Find out if your business is eligible for the PROPEL loan program and understand the criteria that drives the loan approvals
  2. Learn how to complete the PROPEL Application
  3. Read the FAQs

How to Apply for a PROPEL Loan

Applications have closed for the first round of funding. Please continue to check back for program updates.

To apply for a PROPEL loan the business must: be located within District 1, fill out the program application, and provide required business documentation. Directions for completing the application and Frequently Asked Questions are above.

Online ApplicationDownload/Print ApplicationDescargar/Impresión SolicitudApplication ChecklistHelp Desk

Applications can be completed online, downloaded as a PDF and printed or picked up from the Atwater Neighborhood Resource Center or the Maya Angelou and Rockwell Libraries.

Completed forms must be either mailed to Wichita City Hall or hand delivered to the first floor Information Desk at City Hall to the attention of PROPEL Loan Program. Completed forms will not be accepted at the libraries or Atwater Neighborhood Center.

Mailing Address:
City of Wichita
Attn: PROPEL Loan Program
13th Floor
455 N. Main
Wichita, KS 67202

Contact Information

 The PROPEL Help Desk has been closed following the end of the first round of funding.