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
Business & Franchise Development Program
Program |
- Up to $10,000 for facility build-out, remodeling, or initial rent
- Up to $1,000 for construction, landfill and/or other agencies
- Up to $1,000 for initial inventory
- Up to $1,000 per year for employee recruitment, training, workshops or seminars 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
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Steps to Start Up Program
Building Exterior Impact Grant
Program |
- Up to $1,000 matching grant to improve building exteriors.
- Limited funds are available and may be applied to projects that are impactful at any location within corporate boundaries of any Phelps County municipality.
- Grants are for materials only, not labor.
- Click here for Guidelines & Application
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Next Steps Loan Program
Program |
- Zero to 2% short-term loans (1 – 3 years) to help existing businesses expand their customer base, inventory or to improve operations.
- Staff will work with projects to identify needs and measurement criteria.
- Contact PCDC for more information
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Legacy Loan Program
Program |
- 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.
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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
To apply for a PCDC loan, click here to download an Application.
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Program |
Loans for small businesses are available through the Center for Rural Affairs.
Contact Howard White, Loan Specialist
Ph: (308) 534-3508
Email: howardw@cfra.org
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