Forgivable Loans

A rarely used tool, forgivable loans are grants from the local government, offered in lieu of other forms of incentive, that are structured so that the borrower either has a portion of the loan forgiven each year or is required to pay that year’s portion of the loan depending on whether or not the borrower has met the job-growth expectations and/or other requirements of the loan agreement.

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 the Pulaski County Economic Development executive director to learn more about any incentives or forms of assistance.