REVOLVING LOAN FUNDS.
2010 USDA Rural Development awarded DCDC a grant for $110,950 for gap financing for local entrepreneurs. Along with $20,150 funds from DCDC, four new and existing businesses, ServPro of Central Illinois, West Innovations, Corneglio Ag, and Ted's Garage, have benefitted from the short term/low interest loans to create jobs as well as Small Business Services such as Business Planning and Marketing Plans. As loans are repaid, DCDC will have more funds to help more businesses. The funds are RESTRICTED, which means they can only be loaned to for-profit businesses and cannot be used for DCDC operations.
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