Community Loans & Grants
We Invest in Businesses that Invest in our Communities
Revolving Loan Fund (RLF)
Our Revolving Loan Fund (RLF) helps to stimulate local economic growth by leveraging as much private capital as possible for qualified economic activities to promote rural development and job creation projects.
Eligible activities
Projects must demonstrate that they are economically viable. Business start-up, expansion, and community development projects are all eligible activities. The objective of creating and retaining permanent private sector jobs requires that the overall project feasibility and job creation potential be emphasized. The focus of the RLF is to promote growth while supporting development, which diversifies the region’s economy.
Ineligible activities
Ineligible activities consist of such activities as: debt refinancing without expansion, speculative land purchases, projects of residential nature, transfer of ownership without expansion, and 100% working capital loans. These are examples and are not intended to be all-inclusive. Each activity will be evaluated on a project-by-project basis.
The Process
1
2
Nex-Tech Visits the Business Location and Discusses Eligibility with Proprietor
3
Business Formally Applies for Funding and Provides all Required Documents
4
The RLF Application is Vetted and Reviewed
5
If still Eligible, Loan is Approved for Disbursement
6
Proprietor Complies with Terms and Conditions of RLF
What additional services are provided by Nex-Tech Economic Development?
- Resources for start-up businesses in preparing a business plan or market study
- Assistance with state and federal incentive programs for training employees
- Assistance with preparation of videos, educational, and medical grant/loan applications
- Networking opportunities between federal, state, and local leaders
- Assistance with housing programs
- Assistance with strategic planning and implementatio
Rural Economic Development Loan and Grant Program (REDLG)
Our Rural Economic Development Loan and Grant Program (REDLG) helps to support local economic growth by funding qualified economic activities that sustain rural societies.
Nex-Tech and FRS $5K Community Grant
Every year, Nex-Tech in partnership with the Foundation for Rural Service awards up to $5,000 to eligible rural nonprofit initiatives, programs, and projects. This is an opportunity to get some funds to nonprofit organizations within your sphere of operations or interest and promote the development of your community.
- The 2023 funding cycle is closed. Applications for the 2024 cycle will open in June 2024.
- Learn more about the Community Grant Program
Donation and Sponsorship
Are you executing an impactful project and need Nex-Tech’s partnership or assistance?
Connect with Friday
Friday Otuya
Community Engagement Specialist
Friday Otuya /əoTU:ya:/ drives our multifaceted community economic development efforts and is the Nex-Tech contact for all our loan and grant programs. His vision is to position Nex-Tech as the community economic development partner of choice in Kansas for federal, state, and local stakeholders. He lives with his wife and son in Hays, KS.
Call/Text
785.639.8698
Weekdays: 8 a.m. – 5 p.m.
Email
fotuya@nex-tech.com
LinkedIn
@friday-c-otuya