Financing

Funding Resources
Most people starting a business begin by looking for financing but almost all funding sources (except family, friends, and credit cards) will require a business plan first. Several people who go through the business planning process save themselves thousands of dollars and many headaches by identifying problems before they occur. After you have a completed business plan, CCEDG will work with you and your local banker to find the most appropriate funding.


North Central Regional Planning Commission (NCRPC) Revolving Loan Fund
Local clients are referred to NCRPC by a local bank. One job must be created or retained for every $50,000 of RLF monies. Can be used for working capital and fixed assets. Minimum loan amount of $20,000. Maximum of $100,000. Minimum 2 to 1 private/RLF leverage.

Crowdfunding
Crowdfunding is a way to test your business idea and raise funds at the same time. One of the most popular sources is kickstarter.com but an internet search for crowdfunding will provide you with other options.

Other funding sources are available depending on the size and needs of the project:

  • North Central Regional Planning Commission

  • Network Kansas; Start-up Kansas

  • Kansas Department of Commerce

  • USDA Rural Development


Small Business Administration (SBA)

The North Central Regional Planning Commission also helps determine which funding program might best fit your particular project and they provide loan packaging assistance.

Financial Institutions

  • The Citizens National Bank is a family owned, independent financial service organization with locations in Belleville, Clay Center, Concordia, Greenleaf, Lansing, and Leavenworth.

  • The GNBank is a community bank which has been family owned and operated for over eighty years. They believe in being creative, friendly, and responsive to their customers’ needs, as well as providing quality products and competitively priced services.

  • United Bank & Trust prides itself in having deep roots in the communities they serve Beattie, Clay Center, Concordia, Linn, Manhattan, Marysville, Sabetha, Seneca, and Washington.

  • Union State Bank, the only locally chartered bank, has served Clay Center and Clay County from the Courthouse Square since 1901.

  • Farmer & Merchant State Bank –Wakefield, has been serving the community since 1908 and have a branch office in Longford.

  • Kaw Valley Bank of Clifton is situated on the county line between Washington and Clay counties. Chartered in 1878 and branched to St Mary’s in 1990, the Kaw Valley State Bank and Trust Company is still locally owned with all decisions made to the benefit of their local patrons.

  • C&R Credit Union is a member-owned, not-for-profit financial cooperative with 1,036 members and has offered financial services to their members since 1962.

Incentives

Clay County Neighborhood Revitalization Program – Commercial 
The Clay County Neighborhood Revitalization Program provides a tax rebate on eligible building projects. Offers a tax rebate on Commercial property. Click here for an application.

Clay County Neighborhood Revitalization Program – Residential
The Clay County Neighborhood Revitalization Program provides a tax rebate on eligible building projects. Offers a tax rebate on new homes, additions, and remodels. Click here for an application.