City of Concordia Revolving Loan Fund

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

Special requirements:

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.