Republic County Development Association

Loan amount available: $35,000 per job being created/retained up to two-thirds of project cost; minimum of $5,000 (subject to availability of funds)

Interest rate: Prime – 3.5% (floor of 4%)

Term: 3-7 years for working capital, inventory, equipment, 15 years for real estate

Primary eligibility requirements:

Bank request for assistance

Creation or retention of jobs

Program available in Republic County

Special features/requirements:

First year repayment is interest only payments.

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.