Areas Served: Neosho County
The County of Neosho, Kansas has been awarded $100,000 in Community Development Block Grant (CDBG) funds as part of a state Micro-Loan Program that is administered by the Kansas Department of Commerce (KDOC).
These funds are subject to KDOC’s Small Cities CDBG Program Guidelines.
Loans made with the funds are to be used to stimulate self-employment activities either by starting a new business or enhancing an existing business.
Micro-loans made with CDBG funds must assist low to moderate-income persons who are starting a new retail or service type business, or help a small existing retail or service business to expand.
The business to be assisted must have or will create jobs for five (5) or fewer employees at the time of the loan.
One of the employees must be the owner of the business.
No third party loans are permitted.
The minimum loan is $3,000 and the maximum loan is $15,000. The KDOC guidelines allow only one (1) outstanding loan to a business and the combined total amount of loans made to that business from the Micro-Loan Program cannot exceed $15,000.
Contact InformationNeosho County, Kansas
Address: 100 S. Main St.
City: Neosho
State: Kansas
Website:
http://www.neoshocountyks.org/documents/CDBG%20Micro-Loan%20Guidelines.pdf
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