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ELLIS COUNTY E-COMMUNITY PROGRAM

Empowering Entrepreneurs in Ellis County

Grow Hays partners with NetWork Kansas to provide gap financing on a local level. We have two different loans that we can tap into: Grow Kansas and E-Community.

The Ellis County E-Community Program, established in 2012 through the Kansas Center for Entrepreneurship Tax Credit Program, is dedicated to fostering entrepreneurial activity within Ellis County. This Network Kansas initiative supports qualifying projects, including startup businesses and expansions or purchases of existing businesses.

If you are interested in applying for funding via the Ellis County E-Community Program, contact James and complete the application below!



AMOUNT LOANED

LOANS DISPERSED

AVERAGE LOAN

FY 24' LOANS



Ellis County E-Community Program FAQs

E-COMMUNITY LOAN INFO
  • Maximum amount up to $50,000
  • 4% fixed interest for less than 5 years
  • 6% fixed interest from 5 to10 years
  • 60% bank match for the total deal. (for a $50,000 E-Community loan, a bank loan would need to be at least $33,333.33. Totaling $83,333.33 in loans)
GROW KANSAS LOAN DETAILS
  • Loan Amount: From  $50,001 up to $100,000
  • 4% Fixed interest for less than 5 year
  • 6% Fixed  interest from 5 to 10 years
  • A bank match is required. (for a $100,000 loan, a bank loan would need to be at least $50,000.)
REQUIRED LOAN DOCUMENTS
  • Signed Bank loan agreement with terms of a loan for the project in the  BUSINESS NAME. Proving required Business match.
    • We do not allow HELOCs
  • Three years of your federal tax returns
  • Financial statements (Profit and Loss Statment)
  • Personal financial statements (debt to asset)
  • Personal Resume
  • Business Plan including 3-year financial projections 
  • W-9
  • Copy of Valid Photo ID
  • Credit score (FreeCreditReport.comworks or credit Karma)
  • Statement in your business plan or separately addressing:
    • How your business will have an economic impact,
    • How your business will  Improve the quality of life
    • How your business will demonstrate community commitment.
Who Qualifies:

Anyone wishing to start, purchase or expand a for-profit business in Ellis County

Use of Funds:
  • Purchase of business equipment
  • Purchase of business inventory
  • Purchase of real estate
  • Working capital
  • Existing inventory
Repayment:
  • Terms: Minimum of 1 year, maximum of 10 years
  • Payment via ACH withdrawel
  • No penalty for early repayment
  • Loan rate: Administrative fee plus fixed interest not to exceed 6%.
Loan Funds May Not Be Used For:
  • Paying off or refinancing existing debt
  • Salary or owner’s draw
  • Payroll taxes
  • Personal vehicle
  • Building renovation not tied to a specific business
Business That Do Not Qualify:
  • Non-profit organizations
  • Academic institutions
  • Gambling concerns
  • Floor planning concerns (i.e. wholesale auto inventory financing)
  • Speculative concerns
  • Lending or investment institutions
  • Multilevel marketing or pyramid sales
  • Past due on school loans
  • Past due on child support payments
We’d love to hear from you !

Contact us

Whether you have questions, need assistance, or want to learn more about our programs and services, don’t hesitate to reach out. Connect with our dedicated team for personalized support and expert guidance to help your business thrive. Reach out today and let’s grow together!

Give us a call!

(785) 628-3102

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219 W 10th St, Hays KS, 67601

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