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City of Marion Revolving Loan Fund is sponsored by Grant County Economic Growth Council / City of Marion. The City of Marion Revolving Loan Fund provides loans to businesses within the corporate limits of the City of Marion. Funds can be used for acquiring land, constructing or renovating buildings, or other business purposes.
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Revolving Loan Funds – Business Growth Support | GCEGC — Grant County Economic Growth Council | Marion, Grant County, Indiana USDA-Supported Revolving Loan Fund (RLF) program, which provides alternative financing options to local entrepreneurs in Grant County.
Supported by a USDA Rural Business Enterprise Grant , our RLF provides local entrepreneurs and small businesses up to $30,000 in financial support for land acquisitions, renovations, building and equipment purchases, and more. USDA-Supported Revolving Loan City of Marion Revolving Loan The City of Marion , in partnership with the Grant County Economic Growth Council , offers a RLF for small businesses within the city limits .
Loans of up to $50,000 are available at a 1% annual rate, contingent on collateral and a personal guarantee covering at least 80% of beneficial ownership. Administrative costs and fees are the responsibility of the borrower and may be deducted from the loan proceeds.
“revolving funds tailored for small business development” You may complete the application in Dropbox (free account required) or download it to use your preferred PDF editor . Digital signatures are accepted. Instructional video below.
Land acquisition/improvements Building acquisition/improvements Purchase of equipment with a life of 10 years or more Be located in Grant County, Indiana ( and within the Corporate Limits of the City of Marion for the Marion RLF ) Be a for-profit corporation, partnership, or proprietorship Create and/or retain jobs in Indiana Have fewer than 50 employees Current on applicable taxes Video Guide on completing the Application
According to the current listing, eligibility includes: Businesses within the corporate limits of the City of Marion. Confirm the full requirements in the official notice before applying.
The current listing shows up to $50,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
City of Marion Revolving Loan Fund is funded by Grant County Economic Growth Council / City of Marion. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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