Cloud County Programs

Visit CloudCorp to learn about this program.

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.

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.