Backroad Atlas Receives E-Community Loan for Building Acquisition & Reheab

 In Business News, Featured News, News

This post was originally published on Grow Atchison

The City of Atchison’s E-Community Program is pleased to announce a new loan to Backroad Atlas, a downtown retailer focusing on repurposed furniture and decor with pieces from custom designers, artists, and the handmade community.

The $45,000 in loan proceeds assisted in the acquisition and rehabilitation of their new location at 517 Commercial Street. Backroad Atlas is owned by Angela Harris-Spurlock and her mother, Caroline Harris. Additional financing, which is required for all E-Community Program loans, was provided by the Bank of Atchison.

Since January of 2017, the Atchison E-Community Program has been offering gap financing loans for small business startups, expansions, and acquisitions. Everyday businesses like laundromats, restaurants, retail stores, and contractors can use this locally controlled, revolving loan fund as gap financing to make their small business dreams come true.

The funding for the E-Community Program is created through the sale of entrepreneurship tax credits, which are allocated to NetWork Kansas by the Kansas State Legislature.

Backroad Atlas is the nineteenth E-community loan processed by the City of Atchison. Those nineteen loans total over $860,000 in gap financing to support small business development in the Atchison community.

To learn more about the E-Community Program, contact Justin Pregont with the City of Atchison at justinp@cityofatchison.com or 913-367-5506.

Photo: Justin Pregont (City of Atchison), Caroline Harris, Angela Harris-Spurlock, Brad Campbell (Bank of Atchison)

The post Backroad Atlas Receives E-Community Loan for Building Acquisition & Reheab appeared first on Grow Atchison.