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Mo-Kan
Mo-Kan Revolving Loan Fund
Since
1990, MKDI has been providing financing for small businesses through its
EDA Revolving Loan Fund RLF. Generally, any for-profit business is eligible
for an RLF loan if, together with its affiliates, it does not have a tangible
net worth in excess of $6 million, does not have a net income after taxes
in excess of $2 million, and had fewer than 100 employees. RLF projects
generally involve the purchase of fixed assets or the provision of working
capital. An RLF Loan can provide up to $200,000, and offers a below-market,
fixed interest rate.
Eligible
Projects
Generally, a project that includes the purchase of fixed assets; such
as land, buildings, or equipment, or working capital for renovations,
expansions, or inventory is an eligible project for these funds. RLF funds
can also be used with other loans.
What we need from you
- Interim financial statement (dated within the past 45 days)
- Three years business income tax returns
- Two years prior business financial statements or for a start-up business, your business plan
- Three years personal income tax returns
- Personal history statement (for all owners)
- Personal resume (for all owners and management)
- Copy of buy/sell agreement or Copy of lease agreement
What you get from Mo-Kan
- Full support, from the business plan through the loan process and closing
- A below market interest rate
- Fixed interest rate financing
- First-rate customer service and
- Generally, your money within 30 days of loan application
For
more information, see the RLF FAQ.
