Springfield Finance & Development Corp.
Ann Peck
City of Springfield
Community Development Loan Officer
Department of Planning and Development
Phone: 417-864-1098
Fax: 417-864-1030
E-mail: apeck@ci.springfield.mo.us
http://www.itsalldowntown.com/about_pages/12
Springfield Finance and Development Corporation was established in 1997 as a for-profit Community Development Corporation and is funded by local financial institutions.
The mission of the Springfield Finance and Development Corporation is to proactively assist in the continued re-vitalization of Springfield’s Center City by providing creative financing to stimulate small business growth in the defined target area. The SFDC specializes in furnishing small business loans and/or equity for projects that could not be financed through conventional means.
The SFDC provides loans to small businesses located in Central Springfield (from Kearney to Grand and Glenstone to West Bypass) which will result in job creation or retention.
Eligible Applicants
- Existing small businesses
- Start up businesses
- New purchase of an existing small business
- Home-based businesses
- Investors in commercial real estate, primarily non-residential.
Use of Loan Funds
- Purchase and/or rehabilitation of primarily non-residential real estate
- Real estate construction
- Purchase of equipment
- Leasehold improvements
- Working capital (limited to term loans)
- Labor and Materials on specific contracts
- Acquisition of an existing business
- Any other purposes deemed appropriate to meet the objectives of SFDC