Grow Kansas

The NCRPC Business Finance Program has helped customers access financing from a number of specialized programs, including that offered by the Grow Kansas Funds. This program provides gap financing statewide to new and existing for-profit and non-profit businesses employing 500 or less.

Loan amount available: 

10-25% of project cost based on type of project

• 10% up to $1 million cap – Target Sector  (Ag, Aviation, Food, Logistics, Manufacturing, Tech)
• 15% up to $250,000 cap – Community Asset/Business
• 25% up to $250,000 cap – Minority/Women/Economically-Disadvantaged

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.

See Business Finance Program for assistance.