Financial Assistance

Revolving Loan Fund
Administered by the Pulaski County Department of Community Development and Economic Development Commission (E.D.C.), the Pulaski County Revolving Loan Fund (R.L.F.) has a balance of nearly $290,000 (and growing as current loan repayments build the fund) available to assist existing and start-up businesses to grow when bank financing is either unavailable or insufficient.

The RLF has two tiers of funding available to potential borrowers. Regular loans, valued at $20,000.01 or more, undergo a more rigorous review process conducted by the Regional Development Company (R.D.C.). Following the R.D.C’s review process, applications are reviewed by the E.D.C. and then either rejected, returned for more information, or recommended to the Pulaski County Board of Commissioners for final approval.

The lower-tier Small Loan Program is divided into three levels: Micro, Mini, and Small. Small-loan applications are not subject to R.D.C. review and go directly to the E.D.C. for consideration.

Please contact Community Development to discuss your project before submitting an application.

• R.L.F. program description and guidelines
• Application checklist
• Pulaski County application for small loans ($20,000 or less): P.D.F.; DOC
• Pulaski County application for regular loans ($20,000.01 or more): P.D.F.; DOC
• Additional R.D.C. application for regular loans: P.D.F.; DOC

Regional Development Company
Located in Valparaiso, the R.D.C. is a Small Business Administration 504-program lender focusing its service on northwestern Indiana and Chicagoland. In 504 loan projects, the R.D.C. partners with your company and your 504-participating bank to help you to start or to expand your business with less start-up cash. Depending on the specifics of your situation, you inject 10, 15, or 20 percent of the project cost; the R.D.C. lends you 40, 35, or 30 percent (at rates generally a bit lower than local bank rates); and your lender takes first mortgage and lends half of the project cost.

Please contact Community Development if you’re interested in working with the R.D.C. to build your business in Pulaski County.

Small Business Administration Loans
In addition to the 504 program, the SBA offers other business-loan programs directly through banks and other entities.

• Learn more about the 7(a) program.
  • A list of participating banks in Indiana can be found on page 50 of this handbook
• Learn about the Microloan program.
  • Contact the Indiana District SBA Office to find a Micro-lender

In Pulaski County, we understand that the success of your business is a contributing factor to the success of our people and county. Our Economic Development team works tirelessly to provide the right-fit assistance, incentives, or both to bring new business to town and to benefit those who operate in our borders. Please contact Community Development to learn more about any incentives or forms of assistance.