UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center

Intercounty Electric Cooperative Association

Business owners may be eligible for a loan through the Intercounty Electric Cooperative Association (IECA) Revolving Loan Fund (RLF). Eligible projects for loans can include any community or economic development project that benefits the local communities, such as new or expanding private business, non-profits groups, and city or county governments.

About

Loan recipients may be:

New or expanding private businesses
Not-for-profit entities
City or county governments

ELIGIBLE USES OF FUNDS:
Land purchases
Machinery & equipment
Fixed assets
Buildings
Ineligible uses of funds:

Speculation land purchases
Payments to owners or equity investors
Debt refinancing
Projects which lack economic development potential
The RLF Committee will consider the financial need of the project, the probability of success, the benefits of the project to the rural area, including number of jobs to be created or retained, diversification of the economy, quality job creation in terms of pay scale and benefit package, and community development projects and improvements to the community infrastructure.

Loan Amounts - The eligible loan amount will be a minimum of $5,000.00 and a maximum of $300,000.00.

Guidelines - Low-interest loans are available from Intercounty Electric Cooperative to assist with community and economic development projects in rural areas.

Term of Loan - Not to exceed 10 years

Interest Rates - Interest rates are 1% with the interest rate not to exceed the prime rate as published in the Wall Street Journal.

Loan Security – The RLF requires adequate collateral for the loan request which can include requiring mortgages or an irrevocable letter of credit. Other terms or conditions may be required as determined by the Board of Directors.

Other Funding - The RLF project must include a minimum of 20% funding from other sources. Greater leveraging of outside sources will enhance the approvability of a RLF loan request.

Services

Financial Resources and Assistance

  • Loan Providers
Primary ContactTony Floyd
AddressLicking, MO 65542
Phone(573) 674-2211 x1266