Loan amount available: $35,000 per job being created/retained (subject to availability of funds)
Interest rate: Up to bank, as this is a bank loan guaranty program
Term: 3-7 years for working capital and inventory
3-15 years for fixed assets
Primary eligibility requirements:
Bank participation-this is a bank loan guaranty program
Program available in the City of Concordia
Special features: Loan guaranty program
51% of jobs created/retained must be to the benefit of low-to-moderate income families through survey.
Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.
See Business Finance Program for assistance.