Revolving Loan Fund

The City of Wayne has been fortunate to obtain Community Development Block Grant Funds from the Nebraska Department of Economic Development. Once the initial loans were repaid to the City of Wayne, a reuse plan was developed. The city may now loan the funds out again to other qualifying businesses.

All projects must meet one of three national objectives:

  1. Benefiting low- and moderate-income persons; or
  2. Aiding in the prevention or elimination of slums or blight; or,
  3. Meeting other community development needs having a particular urgency because existing conditions pose a serious and immediate threat to health or welfare of the community and other financial resources are not available to meet such needs.

For more information on the Revolving Loan Fund, please contact: Jeff Christensen, EDFP, ABPA | Business Loan Specialist

Northeast Nebraska Economic Development District

(402) 649-7223
Email Jeff Christensen
Northern Nebraska Economic Development District

View Current Guidelines

2017 Revolving Loan Fund Guidelines (PDF)


Wayne Revolving Loan Fund Application (PDF)