Northland small business owners will receive attention on Valentine’s Day at the Midwest Small Business Finance annual meeting. With recognition of five entrepreneurs, the meeting will begin at 11:30 a.m. at Embassy Suites Kansas City - International Airport Hotel, 7640 NW Tiffany Springs Parkway, Kansas City.
Three companies will be recognized for their work with MSBF to expand and create new jobs: The Dry Cleaner of Kansas City, Inc., with locations in Gladstone and Parkville; Dairy Queen at 8530 N. Oak, Kansas City; and Kountry Kuts in Richmond.
In addition, two businesses that have grown through efforts of the Northland Angel Investor Network will be recognized: Mycroft AI, which has produced the world's first open-source digital assistant; and LendingStandard, creators of the first online origination system for commercial and niche financing.
Over the past year, both organizations have made dramatic steps to assist entrepreneurs and small business owners with millions of dollars in capital for new businesses and expansion.
The Northland Angel Investor Network has provided over $1 million to six area companies and continues to work with several more.
MSBF last year completed eight SBA 504 loans representing approximately $7.9 million in business investment and the creation of 28 full-time and 50 part-time jobs. MSBF also loaned $364,000 with its Revolving Loan Fund, helping retain 17 jobs.
Founded as the Clay/Platte Development Corporation in 1982 as an affiliate of the Clay County Economic Development Council, MSBF is the region's only recipient of the National Certified Business Development Company of the Year award from the SBA. NAIN was founded in 2015. Both are affiliates of the Clay County Economic Development Council.