Springfield Finance and Development Corporation (SFDC) was established in 1997 as a for-profit community development corporation and is funded by local financial institutions.
The mission of SFDC is to proactively assist in the continued revitalization 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.
SFDC has funded 40 loans, totaling $2 million and creating 250 jobs in Center City. More importantly, its loans have leveraged in excess of $15 million in additional loans and investments for the Springfield community.
SFDC 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 the ground, including The Moxie, Skinny Improv, SignalPoint Capital Management, the Holland Building, the Marx Building, Bruno’s, Taylor’s Drive In, Obelisk Home, Unleashed Life, Professional Massage Training Center, and many more.
For more information on SFDC loans, contact:
Melissa Barton, City of Springfield Community Development Loan Officer
Rusty Worley, Downtown Springfield Association Executive Director