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

Steps to Start Up Program Click Here

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.
For more information and to download the application, Click Here.

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.

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.