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Low-interest Revolving Loan Fund Programs
U.S. Small Business Administration Programs (SBA)
StartUp Kansas Loan Program
Kansas Department of Commerce Programs (KDOC)
U.S. Department of Agriculture Programs (USDA)
Economic Development Administration (EDA)
Revolving Loan Fund Programs available in FORDI’s 10-county service area:
NCK Business Development Fund
One of the financing tools provided by FORDI. The purpose of the Fund is to enhance both job creation and job preservation in the 10 counties FORDI serves. The loan program provides gap financing for business projects that appear viable, but have some credit weakness(es) preventing the Lender from approving the entire request. Examples include:
-start-up nature of business
-insufficient down payment/equity
-repayment based on projected earnings
-insufficient collateral
Loan amount available: Typically up to $25,000 (subject to availability of funds)
Interest rate: 5% fixed
Term: Based on project need
Primary eligibility requirements:
Bank request for assistance
Good personal credit history
Special features: Unsecured, with owners as co-borrowers
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