WELCOME to the KACDC website. We are here to assist you, the entrepreneur or small business concern, by answering your questions about developing a business in Kansas. We are also here to assist you in accessing the financing you need to fulfill your goals. A great deal of information about who we are and what we do is contained in this site, but if you want to talk to someone specifically, please contact the Certified Development Company nearest you.
Mission and Services
What is the mission of the Kansas Association of Certified Development Companies (KACDC)?
The KACDC exists to promote and assist in the growth and development of small business concerns in the State of Kansas through its support of your local Certified Development Company.
What services are provided by a Certified Development Company?
Kansas CDC's assist businesses by developing loan packages that meet the financial need of a project. These packages often contain more than one source of project funding, thus providing the small business customer with the best combination of rates and terms possible.
What financing programs are available to small business concerns through a Certified Development Company?
Kansas CDC's offer a number of financing avenues to small business today, even though nationally CDC's in general are known only for their expertice in the SBA 504 program. The following lists those sources whose programs are most commonly used.
- Small Business Administration (SBA);
- Rural Development (RD);
- Community Development Block Grant Programs;
- Venture Capital Resources and/or Contacts;
- Economic Development Administration (EDA);
- Revolving Loan Programs; and,
- Other local, state, federal and conventional programs.
Multiple resources allow your CDC to suggest financing a project with a single program or bringing together several programs to provide the best terms and interest rates.
What other services does a Certified Development Company provide?
Some CDC's choose to provide services beyond just finance packaging. The follow list identifies the most common of these services.
- Provide resources a start-up business can use when preparing its Business Plan.
- Provide assistance in obtaining state and federal incentive programs for employee training.
- Provide assistance to local governments in financing infrastructure and community services.
- Provide assistance with housing programs.
- Provide assistance with strategic planning and implementation.
Members of the KACDC further serve on various national, state and local organizations and are able to provide resource contacts for many projects.
Which Certified Development Company can assist my business?
The map on our locations page outlines all CDC's and their corresponding territories. Please contact the CDC office where the project is located for assistance.
What is a Certified Development Company?
According to SBA, a Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community or region. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 290 CDCs nationwide, each covering a specific area. Congress created the Certified Development Company Program in 1980 by ammending Title V of the Small Business Investment Act of 1958. All CDC's must meet SBA requirements for certification. More information about CDC's is available through SBA's web site at http://www.sba.gov/financing.