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With a 25-bed critical access hospital, 2 ambulance services, multiple doctor’s clinics and specialists, two assisted living and three skilled nursing facilities, Phelps County has the medical amenities to serve families and individuals in all stages of life.

Financial Assitance 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

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.

Building Improvement Program

  • Low interest loans for significant commerical building renovation projects, including windows, sidewalks, parking or other exterior improvements.
  • Building must be owner-occupied and intended for business use.
  • Interest rate established at half of market-rate or minimum of 2%.
  • Projects will have applied for USDA Energy Efficiency Grant prior to application for Owner-Occupied Building Improvement program.

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 Dena Beck, Senior Project Leader for the South Central Region
Ph: 308.528.0060
Email: denab@cfra.org

 

Business Directory



Bruning State Bank

1224 Hill 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


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