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The PROPEL fund provides loans of up to $20,000 to local businesses that have the ability to repay a loan, but may not be able to obtain financing through traditional sources.

PROPEL

The next round of PROPEL funding will open on January 18. Application information may be found below.

Providing Resources & Opportunities for Proprietors, Entrepreneurs & Lenders

The PROPEL Small Business 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 the City of Wichita. The microloan program helps provide general working capital to qualifying small businesses.

The fund provides loans up to $20,000 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 for the next round of PROPEL funding will open on January 18.

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

Online ApplicationDownload/Print ApplicationModified Income StatementApplication ChecklistEmail Help Desk

Applications can be completed online, downloaded as a PDF and printed or picked up from Neighborhood Resource Centers or Wichita Public Library branches.

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 Neighborhood Centers.

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. For further information about the PROPEL program and administration, please email jmbuster@wichita.gov.