Are you an existing business located in Phillips County looking to enhance, maintain, or expand your business and needing some additional funding?
If so, the PCED Microloan provides a maximum loan amount of $5,000 with a maximum 2 year payback with no interest charged in the first year. Any principal balance remaining after the first year anniversary of the loan will draw interest at a fixed rate of 1% below New York Prime Rate and not less that 4%.
Application instructions and rules are found on the application form below.
Please remember that annual loan funds are limited and will be approved on a first-come, first serve basis.