The City of Atchison’s E-Community Program is pleased to announce a new loan to Anthony's Repair LLC, a relocating and expanding automobile repair shop located in downtown Atchison.
The $56,442 in loan proceeds will help finance the acquisition of the property located at 901 Commercial, formerly known as Baker's 9th Street, as well as the adjacent property to the west. Anthony's Repair is owned by Anthony & Brandi Ross of Atchison, Kansas. Additional financing for the project was provided by 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 retail stores, contractors, art galleries, 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.
Anthony's Repair is the fifteenth E-community loan processed by the City of Atchison since January of 2017. Those fifteen loans total over $600,000 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: The Ross family accepts the ceremonial "big check" at Exchange Bank in Atchison.