Small Business Development Loan Program

Funder: City of Rushville / Rush County Economic and Community Development Corporation

Geographic Scope: City of Rushville corporate limits; ECDC also has a revolving loan program for those interested outside the City of Rushville

Overview:
This loan program is funded by the United States Department of Agriculture (USDA) Rural Development Rural Business Enterprise Grant program. The program is designed to provide loan assistance as an incentive for business expansion, job retention and creation, and private investment in rural areas of Indiana.

Focus Areas:

• Business expansion and growth
• Job creation and retention
• Support for small and emerging private business enterprises

Eligibility:

• Established for-profit small business enterprises
• Located or planning to locate within the corporate limits of the City of Rushville (or outside for revolving loan program)
• Definition of "small and emerging private business enterprises": any private business that will employ 50 or fewer new employees and has less than $1 million in projected gross revenues annually
• At least 51% of outstanding interest in the applicant business must be owned by U.S. citizens or those legally admitted for permanent residence
• Equal Opportunity Program open to all qualified businesses

Goals:

• Help local businesses obtain capital
• Create or retain jobs in the City of Rushville
• Support business expansion and growth

Contact Information:

• Rushville Community and Economic Development Corporation
• Phone: 765-938-3232
• Address: 330 N. Main Street, Rushville, IN 46173
• Hours: 8 AM - 4 PM

Application Process

For specific application details and procedures:

1. Contact the Rushville Community and Economic Development Corporation at 765-938-3232 for assistance and information
2. Staff can answer questions regarding the funding and application requirements
3. Additional information available at ECDC office: 330 N. Main Street, Rushville, IN 46173