*** NOTICE *** The Small Business Loan Program and Storefront Improvement Program are temporarily suspended while the City of Springfield responds to emergency needs due to Covid-19. For emergency busienss grant information, please visit the city's Covid-19 Business Resource website here.
Program Manager: Anthony Moore
The City of Springfield offers a Small Business Loan program to assist
existing businesses fund design work, construction, equipment purchase,
inventory and working capital. Funds cannot finance existing debt or
obligation or work that has already been completed. Loans generally range
from $2,500- $10,000, with a maximum request of $15,000.
Businesses must be in operation for more than a year and submit a full business plan
with their Small Business Loan application.
NOTE: Proposed projects are required to fulfill basic requirements of the CDBG program, particularly as they relate to job creation goals, elimination of slum and blight, project impact upon the environment, and the Davis/ Bacon Act. The City of Springfield during the application process will advise applicants of these requirements.