Great Plains Development, Inc.
Great Plains Development, Inc.
  • Home
  • About Us
    • Why Us?
    • History
    • Staff
    • CEDS
  • Services/Funding
    • How We Can Help
    • GPDI Loan/Grant List
    • Resources
    • FAQs
  • News
  • Contact Us
  • More
    • Home
    • About Us
      • Why Us?
      • History
      • Staff
      • CEDS
    • Services/Funding
      • How We Can Help
      • GPDI Loan/Grant List
      • Resources
      • FAQs
    • News
    • Contact Us
  • Home
  • About Us
    • Why Us?
    • History
    • Staff
    • CEDS
  • Services/Funding
    • How We Can Help
    • GPDI Loan/Grant List
    • Resources
    • FAQs
  • News
  • Contact Us

Frequently Asked Questions

Business Planning and Financials

Do I need a business plan and financials?

Yes! It is integral for borrowers to have a completed business plan and financials. This not only helps us with our application process, but it will help the bank you work with, too. 

Why is a business plan important?

A business plan and financials will help you to understand how your business will cashflow. This can help you avoid unexpected hardships in the future. It will also help you understand the market that you're establishing the business in and will help you to understand how your business will perform. 

Who can help me develop a business plan?

 You are welcome to give us a call and we can help connect you with the Kansas Small Business Development Center. If you are interested in additional information regarding the KSBDC or if you would like to contact them directly, follow the link below.                     https://www.kansassbdc.net/

Does an established business owner need a business plan for an expansion?

 Not necessarily. If you are confident in what you're doing and the expansion is relative to the current line of work, it is generally not necessary. Typically, historical financials will suffice. However, if you feel that a fresh business plan would benefit you and your business, you are more than welcome to pursue a business plan. 

I'm purchasing a business, what do I need?

 Working with the seller of the business will be key. Asking for previous tax returns, and reviewing them helps to ensure there is liquidity in the business. Of course a business plan can also help in this case; however, an understanding of the business' past performance is crucial. 


All About "Gap Funding"

What is gap funding?

Gap funding are specialized funds that can match bank loans to cover a gap in financing. For example, if a bank is only able to cover 50% of your project's costs, the gap funds can cover the remainder. 

What types of gap funding can GPDI provide?

With over 30 different funding sources, it is our job to match you and your project with gap funding to meet your needs. 

How does gap-funding impact my bank and their loan?

None of our funds compete with banks. We only take the risk off the bank, as needed. Even when it comes to collateral positions, we are behind the bank. Our gap funds help to cover costs associated with your project that banks might find difficulty lending. Costs like working capital, equipment, inventory and more are good examples of this. 

Do gap-funds offer competitive rates and terms?

Yes! Our gap funds can match the banks terms, some even extending out to 15 years. Our interest rates vary from 4.000 to 7.000% and are fixed. Typical loan terms are 5 and 10 years. If your loan is paid off sooner, there is never a pre-payment penalty for doing so. 

How long does it take to get funding from GPDI?

Every project is different. Typically, you can expect the process to take 45 - 90 days depending on the project, its starting point, and the funds being accessed. Because we don't operate like a bank, we usually can't get immediate funds. However, we can work with you to make the process a quick as possible. 


Municipal Grant Information

What types of municipal grants are available?

There are many different city and county grants available for Kansas communities. Everything from community facilities and services to infrastructure and urgent needs. There are grant funds available to help in most situations. 

I'm interested in Kansas Department of Commerce grants, can GPDI help?

Absolutely! Our office has 2 grant administrators and would be happy to discuss available projects. For a complete guide on what is available, please visit these links: 

Kansas Commerce Grants: 

https://www.kansascommerce.gov/wp-content/uploads/2024/06/FINAL-GRANTS-GUIDE-06212024.pdf

Community Development Block Grants (CDBG): https://www.kansascommerce.gov/cdbg/

We received a grant, can GPDI provide payroll monitoring?

Of course! We provide services like payroll monitoring to ensure that you stay in compliance with your grant's guidelines. 

Our community is looking for an engineer for our project, can GPDI help us?

We are more than happy to point you in the right direction to find an architect or an engineer in Kansas. 

Great Plains Development, Inc.

100 Military Ave., Ste. 128, PO Box 1116, Dodge City, KS 67801-1116

620-227-6406 | bwetmore@gpdionline.com

Copyright © 2025 Great Plains Development, Inc. - All Rights Reserved.

Powered by

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept