Schedule Change: Due to cancellation, Russell Co. Free Fair will feature open karaoke tonight from 7-9pm followed by Kevin Morris from 9:30-11pm on Free Entertainment Stage .

UPDATE: Due to rain, Wednesday's Russell / Iola game at "AA" State Legion Baseball Tournament in Marysville now will be played Thursday around 3:30pm. The game will be broadcast on KRSL AM 990, 98.1 FM and streaming on!

Local News

USDA Rural Development has Financing Available for Rural Kansas Businesses

USDA Rural DevelopmentUSDA Rural Development currently has funds available for the Business and Industry (B&I) Guaranteed Loan Program.

The B&I Program finances business expansions or development of new businesses in rural areas or cities less than 50,000 population.

The Agency provides a guarantee for quality loans and because of this guarantee, lenders can offer businesses more flexible terms enabling expansions and profitability.

Since 2009, USDA Rural Development in Kansas has provided $63 million in loan guarantees to rural businesses.

B&I funds may be used for:

  • Financing business and industrial construction, conversion, acquisition or modernization;
  • Purchase and development of land, equipment, facilities, machinery, supplies or materials; or
  • Debt refinancing.

USDA Rural Development's B&I Loan Guarantees:

  • 80 percent loan guarantee for loans of $5 million or less
  • 70 percent for loans between $5 million and $10 million

Guaranteed loans have a 3 percent guarantee fee at closing and a .5 percent annual renewal fee.

For more information on USDA's Business & Industry Guaranteed Loan Program and other USDA Business Programs, contact a USDA Rural Development Business Program Specialist in Kansas.

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