NCK Business Down Payment Assistance Loan Program

Loan amount available:

$50,000 maximum/$5,000 minimum (subject to availability of funds)

Interest rate:

3% fixed for term/amortization of 5 years of less
5% fixed for term/amortization of over 5 years

Term:

Based on project needs, up to 20 years

Primary eligibility requirements:

Minimum of 10% from Applicant/Borrower
Business projects that appear viable
Good personal credit history
Request for assistance from a bank with a physical location in the NCRPC 12-county service area

Special features:

Unsecured, with the owner as a co-borrower

Eligible locations:

NCRPC provides down payment assistance to eligible businesses throughout 12 North Central Kansas counties: Clay, Cloud, Dickinson, Ellsworth, Jewell, Lincoln, Marshall, Mitchell, Ottawa, Republic, Saline and Washington.