Loan amount available: $35,000 per job being created/retained up to one-third of project cost; maximum of $100,000 (subject to availability of funds)
Interest rate: Negotiable, below prime (fixed)
Term: 3-7 years for working capital and inventory, 3-15 years for fixed assets
Primary eligibility requirements:
Bank request for assistance
Creation or retention of jobs
Program available in Jewell County only
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.
