Small Business Revolving Loan Fund
Funding Amount
No minimum amount to apply for
Deadline
Deadline not published
Grant Type
Foundation
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- Purchasing a building
- Investing in equipment
- Restocking supplies
- Gap funding (covering portion of project costs not covered by other financing)
Overview
Funding Source: USDA Rural Business Development Grant
Geographic Scope: Western Nebraska
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
- Contact TCD's Funding Consultant
- Phone: 308-632-2833
- Email: info@tcdne.org
- Book an Appointment
- Schedule time online or by phone
- Contact Steven Pederzani, TCD's Funding Consultant
- Discuss Your Project
- Describe the project and funding needs
- Explain how funds will be used
- Determine amount needed
- Application Process
- Complete loan application with TCD
- Provide project details and financial information
- Submit required documentation
- 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
What Western Nebraska Housing Opportunities actually gave
Source: IRS Form 990, 2022 — the most recent filing with itemized grants
- Grants in 2022
- 1
- Total given
- $125K
- Median grant
- $125K
- By dollars: Nebraska 100%. Top recipient cities: Scottsbluff, NE.
Example grants
Twin Cities Development Association Inc · Scottsbluff, NE
To proved assistance
$125K
Focus Areas & Funding Uses
Fields of Work
- Small businesses
- Community development
Categories
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