Economic Development

GBT is committed to the success and longevity of the communities we serve. Since we are a utility, we have access to the United States Department of Agriculture’s Rural Development Loan and Grant Program (REDLG) which makes 0% loans available for rural economic development, job creation, and community facilities. Business start-ups and business expansions can apply for up to $1 million in loans; and community development projects can apply for up to $300,000 in loans. For more information on this, contact Kara Jecha at 785-372-4236, kjecha@GBTlive.com, or stop by our Rush Center office and visit with her about your project!

Economic Development - CT Scanner, Rush County Memorial Hospital, LaCrosse, Kansas

Rush Co. Memorial Hospital, LaCrosse – Community Development Loan (new CT scanner)

Economic Development - Ellis Days Inn, Ellis, Kansas

Ellis Days Inn – Business Start-Up Loan

Economic Development - BTI, Ness City – Business Development Loan, Ness City, Kansas

BTI, Ness City – Business Development Loan

Economic Development

St. John Marketplace, Business Start -Up Loan

USDA 0% Loans

USDA 0% Interest Loans Available through GBT for Rural Economic Development, Job Creation, and Community Facilities Business start-up and expansion projects can apply for up to $1,000,000. Community development projects can apply for up to $300,000.

Eligible activities include:

  • business start-up
  • business expansion
  • community development

Examples of activities not eligible include, but are not limited to:

  • refinancing of existing debt
  • speculative land purchases
  • projects of residential nature
  • transfer of ownership without expansion
  • 100% working capital loans
  • agricultural production

Projects must demonstrate they are economically viable AND have job creation potential by providing:

  • business plan containing projected balance sheets, income statements, cash flow statements, and a market/feasibility study;
  • a letter of intent from a lending institution to issue a “Declining Irrevocable Letter of Credit” ;
  • at least 20% supplemental funding of the total project cost by applicant.

For more information, contact Kara Jecha at 785-372-4236 or via email at kjecha@gbtlive.com.

Area Contacts for Economic & COMMUNITY DEVELOPMENT

GBT’s commitment to the success and longevity of the communities we serve involves working with area professionals in both Economic Development and Community Development. Here’s a link to the Resource Partners for our area!

www.wkreda.com

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