New E-Community Loan Approved for Lutz Brothers Oil to Upgrade Fuel Pumps

Atchison, KS – The City of Atchison’s E-Community Program has approved a new loan to Lutz Brothers Oil, LLC. The $28,633 in loan proceeds will fund a project upgrading fuel pumps, outdoor payment systems, and the concrete islands that hold those units at the company’s fuel and convenience store, located at 405 US-59 in Atchison.  Additional financing for the project was provided by Exchange Bank. Lutz Brothers Oil is owned by Dennis & Greg Lutz (pictured above). Also pictured above is Justin Pregont, Asst. City Manager for the City of Atchison, and Derek Wohlgemuth, Vice President with Exchange Bank.

Since January of 2017, the Atchison E-Community Program has been offering loans for small business startups, expansions, and acquisitions. Everyday businesses like restaurants, cleaning services, small manufacturers, daycare facilities, construction companies, retail stores, etc… 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.

To learn more about the E-Community Program, contact Justin Pregont with the City of Atchison at justinp@cityofatchison.com or 913-367-5500.