Revolving Loan Fund
Since 1985, the Grant County Economic Growth Council has helped businesses to invest in our community.
Over time, it became clear to us that there is a gap in the business financing network, particularly for projects that fall below the SBA504 minimum threshold of $125,000.
To fill this void, we created the Revolving Loan Fund program, which provides alternative financing options to local entrepreneurs in Grant County.
The Revolving Loan Fund can be used for:
Land acquisition/improvements
Building construction
Building acquisition/improvements
Renovations/restorations
Purchase of equipment with life of 10 years or more
To be eligible for a Revolving Loan Fund, your business must:
Be located in the State of Indiana
Be a for-profit corporation, partnership, or proprietorship
Create and/or retain jobs in Indiana
Have fewer than 50 employees