Loan amount available: Limited to $15,000 per project (subject to availability of funds).
Interest rate: 2% over the interest rate on the CD backing the loan.
Term: Working capital 5 years and/or fixed assets 7-10 years.
Primary eligibility requirements:
Bank participation – bank makes recommendations to the Clyde Loan Guarantee Program.
Projects benefiting Clyde such as businesses bringing revenue into Clyde, helping young people get started in business, aid in the succession of existing businesses, maintaining the business services of the community, creating jobs, or generally contributing to the quality of life in Clyde.
Contact to access the program: Jim George, 785-446-3340 or 785-446-3620
See Business Finance Program for assistance.