NCK Business Relief Loan Fund – RLF

Loan amount available: $50,000 per job being created/retained up to $150,000 maximum loan amount with $10,000 minimum loan amount (subject to availability of funds). Expedited process for loans of $50,000 or less.

Term: Up to 10 years, up to 12 months deferral based on need

Primary eligibility requirements:

  • For profit business adversely impacted by the COVID-19 pandemic to help preserve business and jobs.
  • Bank request for assistance on behalf of COVID-19 pandemic impacted business located in Clay, Cloud, Dickinson, Ellsworth, Jewell, Lincoln, Marshall, Mitchell, Ottawa, Republic, Saline and Washington County, Kansas.
  • Creation or retention of jobs.
  • Borrower(s)/Owner(s) with 700+ credit score from national credit bureau source prior to pandemic (beginning December 2019 through application date).
  • Business having a 2019 proforma debt coverage ratio of 1:1 or greater as calculated by bank.
  • Primary loan with a bank that has a physical location in the North Central Regional Planning Commission 12-county service area.

Special requirements: Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.

See Business Finance Program for assistance.