In 2007, the voters of Loup City overwhelmingly passed the LB840 Economic Development Plan and a half cent sales tax collection to operate the program. The LB840 program is available for new business development and for existing business expansion in and around Loup City Nebraska. It is designed to help stimulate economic growth from within and is tool that can be used to attract new businesses.
For a summary checklist of necessary items to complete an LB840 application, please click the appropriate applicant entity below:
Sole Proprietorship
Partnership
Corporation
LB840 Facts
Interest: Can be as low as 2.5%.
Amount: Can only loan up to 50% of project cost.
Equity: Need 10% of project cost.
Time: May take 3 to 6 weeks
Please contact the Sherman County Economic Development Office at 308.745.5040 or development@shermancountyprogress.com for more information and for the LB840 Guidelines and Application.