How We Help
The NCRPC Business Finance program assists in obtaining funding to start, improve, expand, or buy a business. Services are available within a 12-county area of North Central Kansas including the counties of: Clay, Cloud, Dickinson, Ellsworth, Jewell, Lincoln, Marshall, Mitchell, Ottawa, Republic, Saline, and Washington.
Loan Feasibility Review
Loan Packaging & Application Support
Guidance on Local, State, & Federal Funding
Gap Financing Solutions
NCRPC Loan Programs
NCRPC offers two business loan programs which provide favorable terms to meet your business gap financing needs.
Loan amount available:
$50,000 maximum/$5,000 minimum (subject to availability of funds).
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Interest rate:
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3% fixed for term/amortization of 5 years or less
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5% fixed for term/amortization of over 5 years
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Term:
Based on project needs, up to 20 years
Primary eligibility requirements:
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Minimum of 10% from Applicant/Borrower
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Business projects that appear viable
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Good personal credit history
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Request for assistance from a bank with a physical location in the NCRPC 12-county service area
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Special features:
Usecured, with the owner as a co-borrower.
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Loan amount available:
$50,000 per job being created/retained - OR - one-third of project cost, whichever is less; $20,000 minimum/$150,000 maximum loan amount (subject to availability of funds).
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Interest rate:
4% fixed
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Term:
Based on project needs, up to 20 years
Primary eligibility requirements:
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Bank request for assistance
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Creation or retention of jobs
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Special requirements:
Construction projects require adherence to Davis-Bacon Wage Rate and ADA handicapped accessibility.
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NCRPC Loan Programs
NCRPC offers two business loan programs which provide favorable terms to meet your business gap financing needs.
Revolving Loan Fund
Loan amount available:
$50,000 per job being created/retained - OR - one-third of project cost, whichever is less; $20,000 minimum/$150,000 maximum loan amount (subject to availability of funds).
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Interest rate:
4% fixed
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Term:
Based on project needs, up to 20 years
Primary eligibility requirements:
-
Bank request for assistance
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Creation or retention of jobs
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Special requirements:
Construction projects require adherence to Davis-Bacon Wage Rate and ADA handicapped accessibility.
"What impressed us the most about NCRPC Business Finance Program was the personalized service. They took the time to understand our business and provided practical advice throughout the financing process. They were responsive, knowledgeable, and genuinely interested in helping us succeed. We are grateful for their assistance."
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-Kelly & Bud McKenzie, Walt's Four Seasons Campground & Country Store, Dickinson County, KS
Expanding our business was a significant investment, and the NCRPC Business Finance Program provided the guidance and expertise we needed throughout the financing process. Their assistance gave us the confidence to move forward with our expansion to our Washington Street location, doubling our production capacity and positioning our business for continued growth."
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-John & Mary McDonald, Rawhide Portable Corral, Inc., Abilene, KS
How the Process Works
1
Start the Conversation
Tell us about your business loan needs
2
Explore Funding Options
We help you identify the right programs & resources
3
Prepare your Application
We assist with loan packaging
4
Support Through Approval
We stay involved through loan approval
Frequently Asked Questions
Quick answers to common questions about business financing and working with NCRPC. Still not sure? We're here to help.
NCRPC provides confidential, one-on-one assistance through every step of obtaining financing for your business. Our goal is to help you make a strong first impression and improve your chances of securing financing to start, expand, or purchase a business.
Loan packaging services include:
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Reviewing project feasibility to determine funding potential for starting, expanding, or purchasing a business at no charge.
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Discussing potential local, state, and federal financing programs available for your project, including eligibility requirements.
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Preparing loan applications tailored to meet specific program requirements using information provided by the client (fees apply).
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Accompanying clients to meetings with the lender of their choice to help answer questions.
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Responding to questions from lenders and funding program representatives throughout the financing process.
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NCRPC can help you strengthen your financing request by helping evaluate important questions such as:
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Do you have enough down payment?
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Do you have enough operating capital?
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Are you requesting enough financing?
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Have you demonstrated a need for your business?
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Is projected cash flow sufficient to cover taxes, compensation, and debt service?
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What options are available if collateral is limited?
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Have you adequately addressed management experience and ability?
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Local lenders
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Low-interest Revolving Loan Fund Programs
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U.S. Small Business Administration (SBA) Programs
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Network Kansas Programs
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Kansas Department of Commerce Programs
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U.S. Department of Agriculture (USDA) Programs
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Economic Development Administration (EDA)
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Over the past 25 years, NCRPC-assisted projects have achieved the following approval rates:
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Revolving Loan Fund Programs - 99% approval rate
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SBA 7a Loan Program - 98% approval rate
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GrowKS Loan Program - 100% approval rate
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Kansas Department of Commerce CDBG - Economic Development - 100%
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Review of loan feasibility and financing options is free.*
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A non-refundable deposit is required once a client decides to proceed.
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An additional fee is charged only if the loan is approved.
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*Free assistance is underwritten by The Patterson Family Foundation for the NCRPC 12-county area, excluding Saline County. Assistance in Saline County is underwritten by NCRPC.
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Business Finance services are available throughout the NCRPC 12-county service area in North Central Kansas, including:
Clay, Cloud, Dickinson, Ellsworth, Jewell, Lincoln, Marshall, Mitchell, Ottawa, Republic, Saline, and Washington counties.
Yes. NCRPC provides access to short educational videos courtesy of Grow America, including:
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Additional Resources include:
To learn more about Business Finance services, contact NCRPC at 785-738-2218 or complete the online contact form to connect directly with Business Finance staff.
When you are preparing to purchase a business, the right technical support can make the difference between a stalled project and a successful closing. The NCRPC Business Finance Program provides confidential, one-on-one assistance to help you evaluate opportunities, strengthen financing requests, and move through the business acquisition process with confidence.
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Our technical assistance services are designed to help determine the viability of a business purchase and prepare you for the lending process.
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Services may include:
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Reviewing adjusted historical earnings to help assess whether the asking price is reasonable
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Identifying important questions for the seller regarding asset value and ownership transition
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Estimating operating and working capital needs beyond the purchase price
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Reviewing draft purchase agreements and identifying questions for your attorney or accountant
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Our technical assistance services are designed to help determine the viability of a start-up business and prepare you for the lending process.
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Services may include:
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Evaluating whether you are in a position to successfully launch a business
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Determining whether a clear market need has been identified for the business
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Reviewing draft business plans, projections, and assumptions to identify gaps and key questions before moving forward
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Providing referrals to the Kansas Small Business Development Center for assistance with business plans, projections, and assumptions when needed
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Estimating operating and working capital needs
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Assessing financing feasibility and discussing funding options
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Business loan requests may be declined for a variety of reasons, including poor cash flow, weak credit history, insufficient collateral, or incomplete or unrealistic financial information. The NCRPC Business Finance Program helps small businesses assess key loan feasibility factors, strengthen their financial readiness, and improve their chances of loan approval.