Pulaski County Revolving Loan Fund

Eligibility

  • Business must be located in the legal boundaries of Pulaski County
  • Business must be for-profit

Proceeds

  • Proceeds may be used for new investments in capital assets:
    • New investments in capital assets and operating capital
    • Purchase of building, machinery or equipment
    • Construction, repair, infrastructure and renovations of buildings
    • Purchase of land and construction of a new building
    • Pollution control or energy conservation improvements to existing facilities

Terms and Conditions

Loan Type Loan Amount Term Interest Rate
Micro $2000-$4999 5 years on real estate
2 years on equipment
Wall Street Journal Prime
Mini $5000-$9999 7 years on real estate
3 years on equipment
Wall Street Journal Prime minus .25%
Regular $10,000+ 10 years on real estate
5 years on equipment
Wall Street Journal Prime minus .50%

 

  • Minimum interest rate is 3% on all loans
  • Rate will be fixed at closing
  • All loans will be secured with real estate, machinery, equipment and, if deemed necessary, additional assets including personal guarantees and personal assets
  • Job creation is not required but looked upon favorably for Regular loan requests

Application

  • Complete application and submit required documentation to the RDC.
  • Remit applicable non-refundable deposit at time of application:
    • $100 for Micro loan
    • $175 for Mini loan
    • $500 for Regular loan

Administered by the RDC, in partnership with the Pulaski County Community Development Commission. All forms available for download here. Complete RLF Guidelines. For more information, please call Niccole, 219.476.0504 x227 or Niccole@rdc504.org

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What We Do

The Regional Development Company (RDC) is a Certified Development Company, licensed by the U.S. Small Business Administration.  We serve northern Indiana businesses seeking funding to help grow their company.

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Latest News

November 2012 - Regional Development Company Presents Awards, Welcomes New Board Members.

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Contact Us

Have questions about your options for expansion?  We are here to help.

Contact Us

1757 Thornapple Circle
Valparaiso, Indiana 46385 (map)

phone: 219.476.0504
fax: 219.476.4141