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