Financial Assistance for Local Businesses

Always start with your local banker!

Click here to see a list of our friendly local lenders below


GO! Business Programs


Digital Marketing Support Program

Program

Business & Franchise Development Program

Program
  • Reimbursement of initial costs for facility build-out, remodeling, or initial rent up to $5,000
  • Permit fees reimbursement up to $1,000 for construction, landfill and/or other agencies
  • Grant for initial inventory up to $1,000
  • Reimbursement for employee recruitment, training, workshops or seminars up to $1,000 per year for three years
  • Research and site selection services in conjunction with the franchisor at no cost
  • Low-interest gap financing not to exceed 50% of the total amount borrowed
  • Other financial assistance as may be determined appropriate
  • Click here for Guidelines & Application

Steps to Start Up Program

Program
Low interest loans are available for clients who complete the Steps to Start Up Program through PCDC.

Building Exterior Impact Grant

Program
  • Up to $1,000 matching grant to improve exterior appearance and branding of buildings.
  • Limited funds are available and may be applied to projects that are impactful within corporate boundaries of any Phelps County municipality, or in other strategically important location at the staff's discretion.
  • Grants are for materials and professionally performed labor.
  • Click here for Guidelines & Application

Gap Financing Loans

Program

PCDC can sometimes take the risk that a bank cannot to supplement the financing needed for a business to expand, start up or, or transition. Gap Financing is defined as the difference between the cost of a project and the combination of money available from the owner and the bank.

Project cost - Owner’s Equity - Bank Financing = Gap

Gap Financing Loans may be used for:

  • Low interest short-term loans (1 – 3 years) to help existing businesses expand their customer base, inventory or to improve operations.
  • Long-term gap financing loans to facilitate ownership transition of existing businesses. (loan percentage is subject to adjustment based on market conditions.)
  • Funds may be used for equipment, improvements, or purchase of a business.
  • PCDC funds will not exceed 50% of the total capital costs.
  • Funds may not be used for working capital.

To apply for a PCDC loan, click here to download an Application.

Rural Entrepeurs Assistance Project - REAP Loans

Program
Loans for small businesses are available through the Center for Rural Affairs.

Contact Becky Parker, Loan Specialist - Central Region
Ph: (308) 534-3508
Email: beckyp@cfra.org

 

Bruning Bank

1215 Burlington Street
PO Box 315
Holdrege, NE 68949
United States
(P) 68949

Business Category: Loan Resources, Financial Institutions

First State Bank - Loomis

211 Commercial St.
P.O. Box 230
Loomis, NE 68958
United States
(P) (308) 876-2451

Business Category: Loan Resources, Financial Institutions

First State Bank of Holdrege

401 East Avenue
PO Box 800
Holdrege, NE 68949
United States
(P) 308-995-4411

Business Category: Loan Resources, Financial Institutions

FirsTier Bank

229 W 4th Ave
Holdrege, NE 68949
United States
(P) 308-995-9595

Business Category: Loan Resources, Financial Institutions

Great Western Bank

424 West Ave
Holdrege, NE 68949
United States
(P) 995-6531

Business Category: Loan Resources, Financial Institutions

Home Federal

423 Garfield Street
Holdrege, NE 68949
United States
(P) (308) 995-8668

Business Category: Loan Resources, Financial Institutions

Switch to compact view »
1 - 6 of 6