Funding Amount

No minimum amount to apply for

Deadline

Rolling / Open

Grant Type

foundation

Overview

Small Business Revolving Loan Fund

Funder: Twin Cities Development (TCD)

Funding Source: USDA Rural Business Development Grant

Geographic Scope: Western Nebraska

Status: Active revolving loan fund

Background: TCD received a Rural Business Development Grant from the USDA to establish a revolving loan fund for small businesses in Western Nebraska. This fund helps rural business owners access funding for essential projects to expand operations, increase production, or improve efficiency.

Loan Features

Amount:

  • No minimum amount required to apply

  • Varies based on project needs
  • Terms:

  • Low interest rates

  • Reasonable monthly payments

  • Minimal fees

  • Designed to help businesses overcome financing hurdles
  • Revolving Structure:

  • Funds distributed as loans to applicants

  • Loans repaid over time with interest

  • Repaid funds returned to loan fund for future projects

  • Funds designed to sustain indefinitely
  • Eligible Uses

    • Purchasing a building
    • Investing in equipment
    • Restocking supplies
    • Gap funding (covering portion of project costs not covered by other financing)
    • Expansion and improvement projects

    How Revolving Loan Funds Work

    Gap Funding Example:

  • Business owner covers 50% of project costs

  • Bank covers 30% of project costs

  • TCD Revolving Loan Fund covers remaining 20%
  • Contact Information

    Twin Cities Development Association, Inc.

  • Address: 1620 Broadway, Scottsbluff, NE 69361

  • Phone: 308-632-2833

  • Email: info@tcdne.org

  • Website: tcdne.org
  • Funding Consultant: Steven Pederzani - Available for loan consultations

    How to Apply

    How to Apply for Revolving Loan Fund

    1. Contact TCD's Funding Consultant
    - Phone: 308-632-2833
    - Email: info@tcdne.org

    2. Book an Appointment
    - Schedule time online or by phone
    - Contact Steven Pederzani, TCD's Funding Consultant

    3. Discuss Your Project
    - Describe the project and funding needs
    - Explain how funds will be used
    - Determine amount needed

    4. Application Process
    - Complete loan application with TCD
    - Provide project details and financial information
    - Submit required documentation

    5. Loan Approval and Disbursement
    - TCD reviews application
    - Loan approved based on project viability
    - Funds disbursed for project

    Application Support

    TCD provides:

  • Guidance on application process

  • Project feasibility assessment

  • Favorable loan structuring

  • Ongoing support during project implementation
  • Focus Areas & Funding Uses

    Fields of Work

    small-businessescommunity-development

    Categories

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