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
Up to $1,000 grant to establish or enhance online presence For businesses operating from a storefront or fixed location in Phelps County Click here for Guidelines & Application

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

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

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 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

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

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

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.

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.

Rural Entrepeurs Assistance Project - REAP Loans

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