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

  • 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

Steps to Start Up Program

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

Building Exterior Impact Grant

  • 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

Next Steps Loan 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

Legacy Loan 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.

Gap Financing Loans


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.

Rural Entrepeurs Assistance Project - REAP Loans

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

Contact Howard White, Loan Specialist
Ph: (308) 534-3508