Financial Alternatives

• Dodge City/Ford County E-Community Program

The purpose of the Dodge City/Ford County E-Community Program is to encourage entrepreneurial small business development and retention in our community. Qualifying entrepreneurial projects including startup businesses, existing business purchases or existing businesses desiring to invest in expansion may apply for funding of up to $45,000.

Two types of funding will be offered from the fund: grants and low-interest loans. Grants shall be reserved for those projects determined to have the greatest weighted cumulative score on the enclosed rubric and require a 3 to 1 match of funds. Low-interest loans are the more common funding mechanism and require a 40% match from a public sector resource that is a NetWork Kansas partner or a financial institution. Click here for more information about the E-Community Program

• Community Development Block Grants

These funds are received from the Department of Housing and Urban Development (HUD) through annual allocation. All CDBG activities must meet one of three national objectives: benefit to low-to moderate-income persons, elimination or prevention of slum and blight, or urgent need. Cities and counties are eligible applicants.

Section 108 Loan Guarantee: These guarantees are used for economic development projects that cause the creation or retention of permanent, full-time employment. The funding ceiling is $35,000 per job with a maximum guarantee of $7 million. These are processed on an as-need basis.

Third Party Loan Guarantee: This tool allows the state to provide a guarantee to a third-party that loans funds to an eligible economic development project. This maximum awarded per job is $35,000. The maximum loan guarantee is 75 percent of the principle up to a ceiling of $1 million.

Contact: Kansas Department of Commerce & Housing, Community Development Division (785) 296-3485 or

• Great Plains Development, Inc.

Great Plains Development, Inc. (GPDI) is a Certified Development Company established to assist small businesses in obtaining financing.

GPDI assists businesses with loans for fixed asset purchases with the Small Business Administration (SBA) 504 loan program. A lending institution provides 50% of the funding, GPDI provides 40% at a fixed interest rate at ten or twenty year terms, and the borrower provides 10%. (New business will be required to provide up to 30%).

GPDI also packages SBA applications for working capital.

GPDI administers three in-house loan funds. GPDI disburses the entire loan, sets interest rate and terms. Maximum amount available to any one business is $150,000. Job creation or retention is necessary.

GPDI packages applications for the Kansas Department of Commerce & Housing, business and loan programs.

GPDI packages applications for Rural Development loans to businesses.

Contact: Great Plains Development, Inc. (620) 227-6406 or

• Industrial Revenue Bonds

Industrial Revenue Bonds may be used to finance land, building and equipment. Cities may issue the bonds, but issuance is based on the credit of the firm.

Available through the City of Dodge City and Ford County. Contact: Dodge City/Ford County Development Corporation (620) 227-9501

• City & County Revolving Loan Funds

Dodge City, Spearville and Ford County have special economic development loan funds. These are competitive loan applications. The amount of money available to loan at any given time depends on the balance in the funds at the time of application.

Contact: Dodge City/Ford County Development Corporation (620) 227-9501

• Kansas Development Finance Authority

The Kansas Development Finance Authority is an independent instrumentality of the state responsible for the issuance and use of bonds and other financial instruments. Issuance purposes include:

  • Financing capital improvement facilities, educational facilities, health care facilities and housing developments.
  • Activities and projects of state agencies.
  • Any combination or interest in financing such facilities as industrial enterprises, agricultural business enterprises, educational facilities, health care facilities and housing developments
  • Establishing and funding one or more series of venture capital bonds.
  • Financing private sector projects in much the same way that cities and counties can issue industrial development bonds (IDBs). Several small projects can be combined, or “pooled”, into one bond issue to benefit from economies of scale.

Contact: Kansas Development Finance Authority (785) 357-4445

• Kansas Economic Opportunity Initiatives Fund

This program is used to address opportunities or emergencies that may have substantial impact on the Kansas economy. Eligible projects may include: major expansion of an existing Kansas commercial enterprise, potential location of a major employer to Kansas, matching a significant federal or private sector grant, departure or substantial reduction of the operation of a major employer, and the closing of a major federal or state institution. These performance-based loans may have all, or a portion of, the principal forgiven over a five-year period if specific employment and payroll commitments are met.

Contact: Kansas Department of Commerce & Housing, Community Development Division (785) 296-5298 or

• Kansas Existing Industry Expansion Program

This program addresses the expansion needs of existing Kansas businesses. This is a performance-based program that stresses business growth, as well as job retention and creation. Companies are required to commit to specific employment and payroll performance levels. These performance-based loans may have all, or a portion of, the principal forgiven over a five-year period if specific employment and payroll commitments are met.

Contact: Kansas Department of Commerce & Housing, Community Development Division (785) 296-5298 or

• USDA Rural Development

USDA Rural Development, through its Business and Industrial Loan Program, guarantees loans from local lenders to businesses and industries to benefit rural areas. A primary purpose of the program is to create and maintain employment and improve the economic and environmental climate in rural communities. Any legal entity, including individuals, public and private organizations, and federal recognized Indian tribes may borrow under this program.

USDA assistance is provided in the form of a loan guarantee whereby the agency contracts to reimburse the lender for a maximum of 80% of principal and interest. Lenders are responsible for making and servicing the loans. Applicants may apply for loans through private lenders.

Business and Industrial loans are limited to a maximum of $25million.

Contact USDA (785) 271-2730

• Victory Electric Cooperative

Victory Electric Cooperative, through RUS, offers a zero percent interest-free loan program for financing 80% of a new or expanding business in their service area. This loan is subject to a maximum of $400,000 per loan. All loans must have a completed business plan. Each application must be approved by Victory Electric Cooperative Board of Directors and follow certain guidelines and procedures during loan application.

Contact: Victory Electric Cooperative (620) 227-2139