To assist our clients in obtaining financing, SBDC, Inc administers a number of loan programs. In the event you require funding for the purchase of real estate, machinery, equipment, or even to acquire working capital, perhaps we can help. Our loan programs are designed to encourage economic growth through capital formation and job creation and retention.

The following loan programs, when combined with private sector financing, may provide up to 90% of the financing for eligible small business projects:

City of Springfield Revolving Loan Program

• Direct loans to for-profit manufacturers, retailers or service businesses located in Springfield
• Flexible rates and terms

City of Springfield Micro-Loan Program

• Direct loans of up to $5,000 for micro enterprises (less than five employees) located in Springfield.
• Typically new and start-up businesses

Clark County Revolving Loan Program

• Direct loans to for-profit manufacturers, retailers or service businesses located in Clark County.
• Flexible rates and terms

Child Care Micro-Enterprise Loan Program

• Loans to provide assistance to established and new child day care providers
• Loans are available to those businesses located in Champaign, Clark, Green and other surrounding counties

  SBA 504 Loan Program

• Direct loans to established businesses in Clark County for land and building acquisition, expansion, renovation and equipment purchases
• Participation with financial institutions on projects costing $125,000 or more
• Fixed rate financing for 10 or 20 years

How to prepare for a business loan

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