The City of Atchison’s E-Community Program is pleased to announce a new loan to Presley Pierce Interiors, LLC. The startup retail and interior design company plans to remodel the space located at 101 S. 5th Street (storefront facing the 500 block of Commercial). The $45,000 in E-Community Loan proceeds will be used to acquire inventory for the new company and the banking partner in this deal is Exchange Bank & Trust.
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 restaurants, professional services, 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.
Presley Pierce Interiors is the twenty fourth E-community loan processed by the City of Atchison. Those 24 loans total over $1.1 million 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: Dan Raplinger (Exchange Bank), Presley Busenbarrick (Presley Pierce Interiors), and Justin Pregont (City of Atchison).
