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.
For more information, please call Niccole, 219.476.0504 x227 or Niccole@rdc504.org or contact us here:
APPLICATION CHECKLIST HERE
