Intermediary Relending Program
Flexible financing to help Grant County businesses move projects forward.
GCDC's Intermediary Relending Program provides gap financing for eligible business startups, expansions, relocations, and other projects that strengthen Grant County's economy.
Financing That Helps Good Projects Move Forward
The Grant County Development Corporation (GCDC) administers a revolving loan fund through the Intermediary Relending Program (IRP) to support business expansion, startup activity, and business relocation within Grant County.
IRP financing can help fill the remaining gap in otherwise viable projects when traditional lending alone is insufficient. The program provides flexible, patient capital to projects that create or retain jobs, strengthen the local economy, and demonstrate a reasonable ability to repay.
IRP financing is generally intended to complement — not replace — conventional financing and borrower equity.
Filling the Financing Gap
IRP financing works alongside lenders and borrower equity — it is not intended to provide 100% of project financing.
Borrower Investment
Owner equity demonstrates commitment to the project.
Conventional Financing
Banks and other lenders provide the primary project financing.
GCDC IRP Financing
GCDC may help fill an eligible remaining financing gap.
What Can IRP Financing Support?
Eligible project costs identified in GCDC's IRP application include:
Equipment
Machinery, equipment, furniture, and fixtures necessary for business operations.
Working Capital
Eligible operating expenses that support business startup or expansion.
Inventory
Inventory associated with eligible business development projects.
Business Expansion
Financing associated with expanding an existing Grant County business.
Business Startup
Eligible costs associated with launching a viable new business.
Business Relocation
Projects bringing business activity and employment into Grant County.
Local Capital That Keeps Working
All IRP funds are revolving. When businesses repay their IRP loans, those funds become available to finance future Grant County business projects — reinvested locally, not returned to a distant lender.
"One investment can support generations of local business growth."
Repayments are reinvested into future local business projects.
Is IRP Financing Right for Your Project?
- New or expanding business
- Business relocation into Grant County
- Viable project with demonstrated repayment ability
- Conventional lender participation
- Borrower equity investment
- A financing gap that remains after other sources
- Job creation or retention
- A project contributing to the Grant County economy
How the Financing Process Works
Start With a Conversation
Contact GCDC to discuss your project, financing needs, and potential eligibility.
Develop the Financing Structure
Work with your lender and GCDC to determine whether an eligible financing gap exists.
Complete the Application
Provide the business plan, financial information, projections, project costs, and other required documentation.
Underwriting & Review
GCDC evaluates the project, repayment ability, collateral, financing structure, eligibility, and economic impact.
Board Consideration
Eligible financing requests are presented for GCDC Board consideration and approval.
Financing Details
Because every project is different, several terms are established individually rather than fixed in advance.
- Eligible Borrowers
- New and expanding businesses, business startups, and businesses relocating to Grant County.
- Eligible Uses
- Equipment, furniture and fixtures, inventory, working capital, accounts receivable, and other approved business expenses.
- Loan Amount
- Determined individually based on the eligible financing gap, project scope, and available funds.
- Interest Rate
- Established through underwriting for each project rather than a fixed published rate.
- Loan Term
- Set individually based on the project and financing structure.
- Collateral Requirements
- Determined during underwriting based on the project and available collateral.
- Equity Requirements
- Borrower equity investment is expected; the amount is determined individually per project.
- Job Requirements
- Projects are expected to create or retain jobs; specific requirements are evaluated per project.
- Application Requirements
- A completed application, business plan, financial history, projections, and supporting documentation.
- Board Approval
- Eligible financing requests require GCDC Board consideration and approval.
GCDC does not publish fixed interest rates, maximum loan amounts, or minimum equity percentages, because these terms are negotiated and structured individually for each project during underwriting. Contact GCDC to discuss the specifics of your project.
Ready to Discuss Your Project?
Every financing package begins with understanding the project. Talk with GCDC about your business plans, financing structure, and whether the Intermediary Relending Program may be a fit.
Talk With GCDC
Reach out to discuss your project, ask questions about eligibility, or take the first step toward financing.