Helping Pulaski County Grow

The loan fund was created to help Pulaski County business to grow and succeed.

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 or contact us here:

APPLICATION CHECKLIST HERE

Get Started Today

Contact us to get more info to see if your business is right for economic development loan. Drop us a line and one of our loan officers will be in touch with you shortly:

Get Started