Small Business Loan Funds Still Available
July 28, 2016 at 4:25 p.m.
By Teresa [email protected]
The low-interest loans, lent at prime rate, may be as little as $10,000 and as much as $40,000, for qualified applicants.
The business must be in Kosciusko County or be expanding by locating a facility in the county.[[In-content Ad]]There should be 25 employees or less with an annual gross revenue of $2 million or less.
The business must maintain or create new jobs.
The funds can be used to acquire land, buildings, equipment and other fixed assets; be used for construction, expansion or remodeling of buildings; be used to purchase equipment or machinery; used for research and development of new products or processes; or for buyouts by purchase of business assets.
For more information or an application contact KDI, the Warsaw-Kosciusko County Chamber of Commerce or a "community partner." Community partners are Beacon Credit Union, Farmers State, Lake City, First Financial, 1st Source or Mutual Federal Savings banks.
Funds for this loan program come from the community partners and the Indiana Rural Development Council.
The KDI telephone number is 574-267-6311. Applications also are available on the KDI Web site: www.kdi-in.com
The low-interest loans, lent at prime rate, may be as little as $10,000 and as much as $40,000, for qualified applicants.
The business must be in Kosciusko County or be expanding by locating a facility in the county.[[In-content Ad]]There should be 25 employees or less with an annual gross revenue of $2 million or less.
The business must maintain or create new jobs.
The funds can be used to acquire land, buildings, equipment and other fixed assets; be used for construction, expansion or remodeling of buildings; be used to purchase equipment or machinery; used for research and development of new products or processes; or for buyouts by purchase of business assets.
For more information or an application contact KDI, the Warsaw-Kosciusko County Chamber of Commerce or a "community partner." Community partners are Beacon Credit Union, Farmers State, Lake City, First Financial, 1st Source or Mutual Federal Savings banks.
Funds for this loan program come from the community partners and the Indiana Rural Development Council.
The KDI telephone number is 574-267-6311. Applications also are available on the KDI Web site: www.kdi-in.com
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