The City of Atchison’s E-Community Program is pleased to announce a new loan to Atchison Auto Parts, LLC. Atchison Auto Parts, which is owned by John Brown, is using the E-Community Loan proceeds to acquire real estate and inventory for the existing NAPA Auto Parts store located at 424 Woodlawn Avenue.
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, retail stores, coffee shops, 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.
Atchison Auto Parts is the twenty second E-community loan processed by the City of Atchison. Those 22 loans total over $1,000,000 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 firstname.lastname@example.org or 913-367-5506.
Photo: Brad Campbell (Bank of Atchison, left), John Brown (Atchison Auto Parts, center), and Justin Pregont (City of Atchison, right).