Grow Kansas
Loan amount available:
This program provides gap financing statewide to new and existing for-profit and non-profit businesses employing 500 or less.
Up to $100,000 available for most projects.
10-25% of project cost based on match.
10% up to $1 million cap
15% up to $250,000 cap
25% up to $250,000 cap
Interest rate:
4% fixed for term of 1-5 years
6% fixed for term of 6-10 years
Collateral:
Required; subordinate to bank
Primary eligibility requirements:
Approval of bank loan (private match)
Special features:
Timing – applications accepted monthly with loan decision within 30 days.
Applications required to be submitted by a resource partner, such as NCRPC.
Public disclosure of business receiving assistance is required, i.e. press release, web posting, etc.
Annual report from business required for the life of loan including updated employment, sales, and net income.