Notice of Funding Availability

The Burkburnett Development (4B) Corporation has been awarded a Revolving Loan Fund in the amount of $79,000.00 from the USDA Rural Development with the Burkburnett Development Corporation’s providing $20,800.00 in matching funds to assist small and emerging businesses to locate or expand in the City of Burkburnett, Texas as well as to fund training through the business boot camp program provided by Jon Schallert.

The grant funds will be used as follows:

$18,130.00 to provide technical assistance for small and emerging private business enterprises within the City of Burkburnett to aid in the tuition to attend Jon Schallert’s Business Boot Camp.

The Burkburnett Development (4B) Corporation has established a revolving loan fund (RLF) of $60870.00 with a matching contribution made by the Burkburnett Development Corporation in the amount of $20,800.00 for the purpose of expanding economic opportunities and creating employment.  Procedures employed by the RLF will incorporate all conditions required by law, including the guidelines of establishing a ratio of one job to every $10,000.00 in funds provided.  The Burkburnett Development (4B) Corporation will accept applications from businesses located or willing to locate within the Burkburnett city limits.  The purpose of the RLF is to create or retain jobs within the City of Burkburnett.

The needs of the business and the availability of funds will determine the amount of loan funds provided.

Businesses making application for a RLF loan (the applicant) must be in compliance with all laws of the State of Texas and provide a Certificate of Good Standing.  Applications will be received and reviewed by the Executive Director of the Burkburnett Development (4B) Corporation and then presented to the BDC RLF Loan Committee for final approval. 

Copies of the Revolving Fund Guidelines and Scope of Work are available at the Burkburnett Development (4B) Corporation office.

For more information contact:  Kelly Bolen, Executive Director, Burkburnett Development Corporation, 104 West Third Street, Burkburnett Texas 76354; phone 940-569-2875 or via e-mail at kbolen@burkburnett.org.