Springfield Finance & Development Corp.

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.

As of July 2006, Springfield Finance and Development Corporation has funded 29 loans, totaling $1,637,409 and creating 204 jobs in Center City.

Springfield Finance and Development Corporation prides itself on helping small business thrive in Center City. The SFDC has helped some of Center City’s most unique and successful small businesses get off of the ground.

“Prior to opening Moxie Cinema we had very little start-up funds. Luckily we were put in touch with the SFDC. We were surprised at how easy everyone at the SFDC was to work with, and that they believed in our project enough to loan us the capital it would take to open. When our opening date kept getting pushed back, Ann Peck was understanding and worked with us to make sure we stayed on top of our payments without getting behind. Without the SFDC's support and financial backing, we would probably still be trying to get The Moxie open!” —Dan & Nicole Chilton, The Moxie Cinema