Purpose: The purpose of the East Central Indiana Rural Revolving Loan Fund (ECI-RRLF) is to provide financial assistance loans to small businesses in rural communities in the areas served by Energize-ECI.
By providing these funds, the goal is to bring positive economic impact in job creation, job retention, business growth and capital infusion by the small businesses being served.
Eligibility: The ECI-RRLF is available to small businesses operating in the following counties: Grant, Blackford, Jay, Randolph, Delaware, Madison, Rush, Fayette and Henry.
Awarded loan funds can be utilized by the loan recipients for any normal business expense.
Qualified businesses shall be determined by Small Business Administration (SBA) guidelines.
Potential borrowers must be located in rural areas served by Energize-ECI as determined by USDA guidelines.
Loan Amount Limits and Terms: The maximum loan to any one business will be determined by the ECI-RRLF loan committee.
Interest rates and length of repayment will also be determined by the loan committee.
East Central Indiana
Address: PO Box 1912