Cedar-Knox PPD offers a loan program to our customers called REDL&G. We were designated recipients of these funds from the USDA in 2007. For more than 10 years we have helped several small businesses to provide economic development. These funds shape and strengthen our rural infrastructure, spur rural economy and increase per capital income.
This program offers low interest loans. A couple of popular loans are:
Provide “gap” financing to entrepreneurs unable to access 100% of the needed financing from a financial institution.
Loans under $50,000.00 that can be finalized without bank participation.
At least one full time equivalent job must be created or retained for each $35,000.00 in loan dollars.
Loan dollars may not represent more than 40% of the total financing needs.
10%-20% equity is generally required.
Bank financing is encouraged and preferred with each borrower, but not required.
To further the economic development of Northeast and North Central Nebraska.
To promote and assist the growth and development of business and industrial concerns with Northeast and North Central Nebraska.
How to Apply
A pre-application may be obtained by visiting www.nenedd.org/businessloan.html