Local business benefits from Southwest Initiative Foundation microloan program
Roy and Beth Stiff, owners of KandiComp, LLC, received loan assistance from the Southwest Initiative Foundation’s (SWIF) Microenterprise Loan Program for the expansion of their computer services and sales business in Willmar. KandiComp is a computer service and sales company whose niche is data and disaster recovery, including restoration of inoperative personal computers (PCs) to working condition. KandiComp assembles components for personalized, made-to-order, tower-type, PCs for retail sale along with peripheral, hardware and software.
“KandiComp provides a much needed service to Willmar and the surrounding area. We are happy to be able to assist Roy and Beth with the expansion of their business,” said SWIF Program Officer Jackie Turner-Lovsness.
KandiComp is located at 412 Litchfield Ave. SW in downtown Willmar. They can be reached at 320-235-2701 and www.kandicomp.com.
Loan programs have been a key function of SWIF since its inception as a way to support communities and businesses throughout southwest Minnesota. In 2001, microlending was added to existing programs as a tool to support small businesses and people looking for self-employment opportunities by providing market-rate loans.
Microloan clients receive free technical assistance from SWIF staff—all who have personal business experience—to improve their business management skills, from business planning to reading financials to marketing and other training opportunities for the life of the loan.
This microloan program receives funding assistance from the U.S. Small Business Administration and U.S. Department of Agriculture. For more information, contact SWIF at 800-594-9480, 320-587-4848 or firstname.lastname@example.org.
The Southwest Initiative Foundation is a single connection offering unlimited possibilities to grow and promote people, businesses, entrepreneurs and communities in rural southwest Minnesota. As a regional community foundation, SWIF has contributed more than $64 million through its grant and loan programs. SWIF has helped more than 630 businesses start or expand through its business finance programs, which have created or retained more than 8,000 jobs. SWIF has also established 16 Early Childhood Initiative coalitions, more than 50 Youth Energy Summit teams, 24 community foundations and more than 80 other funds. The Southwest Initiative Foundation is an equal opportunity provider and employer. To learn more, visit www.swifoundation.org.