GRANT COUNTY
Fuels Possibility
USDA-Supported Revolving Loan Fund (RLF) program, which provides alternative financing options to local entrepreneurs in Grant County. Supported by a USDA Rural Business Enterprise Grant, our RLF provides local entrepreneurs and small businesses up to $30,000 in financial support for land acquisitions, renovations, building and equipment purchases, and more.
USDA-Supported Revolving Loan
City of Marion Revolving Loan
The City of Marion, in partnership with the Grant County Economic Growth Council, offers a RLF for small businesses within the city limits. Loans of up to $50,000 are available at a 1% annual rate, contingent on collateral and a personal guarantee covering at least 80% of beneficial ownership. Administrative costs and fees are the responsibility of the borrower and may be deducted from the loan proceeds.
“two revolving funds tailored for small business development”
Click Apply to access the RLF application of your choice in Dropbox. You may complete it directly in Dropbox (free account required) or download it to use your preferred PDF editor. Digital signatures are accepted. Once finished, email your completed application to mdubovyi@grantcounty.com.
RLFs can be used for:
Land acquisition/improvements
Building construction
Building acquisition/improvements
Renovations/restorations
Purchase of equipment with a life of 10 years or more
To be eligible:
Be located in Grant County, Indiana (and within the Corporate Limits of the City of Marion for the Marion RLF)
Be a for-profit corporation, partnership, or proprietorship
Create and/or retain jobs in Indiana
Have fewer than 50 employees
Current on applicable taxes