Business Financing

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:

• North Central Regional Planning Commission
• NCK Business Development Fund
• Rolling Hills Electric
• City of Concordia
• City of Herington
• Jewell County Development Association
• Republic County Development Association

Rolling Hills Electric Cooperative Association, Inc.

Loan amount available: Up to 80% of project cost (subject to availability of funds)

Minimum loan amount of $5,000

Interest rate: 1%, see special features for other fees

Term: 1-3 years for working capital and inventory

3-5 years for machinery/equipment and furniture/fixtures

10 years for real estate

Primary eligibility requirements:

Letter of credit from bank equal to loan amount requesting from program.

Program not available in Dickinson County

Special requirements/features:

Servicing fee of 1%

Annual letter of credit fee charged by bank

See FORDI Loan Packaging for assistance.