Rural Business Development Loan Program

This is a loan program for small businesses that need loans between $2,500 and $50,000. It’s being funded through a Kansas Income Tax Credit Program authorized by the Kansas Economic Growth Act of 2004.

SCKEDD Loan Application

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Your business might be eligible for this loan program if:

  • For profit, privately owned, small businesses located in the 14 county service area (except for the cities of Hutchinson and Wichita).

Loan Amount

  • $2,500 to $50,000
  • $20,000 or greater requires a bank denial letter


  • Direct loan costs are paid by the borrower (credit reports, filing fees, attorney fees)
  • Flat 2% fee

Repayment Terms

  • Fixed interest rate.
  • For loans $25,000 or less it is Prime +2%; for loans over $25,000 it is Prime +1%.
  • Up to 15 year term principal and interest based on loan amount and collateral.
  • No penalty for early repayment.


  • Collateral required.
  • Satisfactory guarantor considered.
  • All business assets, including assets purchased with loan proceeds or real estate may be used as collateral.

Credit History

  • Full information report required.
  • Applicant must show creditworthiness.
  • No tax liens, open judgments or collections.
  • Explainable circumstances are taken into consideration.

Use of Funds

  • Purchase of business equipment or business inventory
  • Working capital
  • Inventory
  • Leasehold improvements
  • Real estate with satisfactory environmental review

For More Information Contact

Christie Henry, Lending Program Manager
(316) 262-7035
9730 E. 50th Street N.
Bel Aire, Kansas 67226