Areas Served: Village of Teutopolis
The Village’s Revolving Loan Fund (RLF) program is a source of locally controlled financing to be used in cooperation with traditional bank loans to assist credit-worthy existing and startup businesses within Teutopolis, Illinois.
Both existing businesses interested in expanding their present operations as well as prospective new investors interested in establishing industrial or commercial operations are eligible to receive RLF assistance.
No more than one-third of the projects total cost may be provided by the RLF.
At least one full time equivalent job must be created within two years for each $15,000 in RLF assistance.
Revolving Loan Funds will carry at least a 3% interest rate.
The repayment period will generally match the life expectancy of the assets being financed.
Revolving Loan Fund proceeds may be used for both fixed asset and working capital purposes.
Contact InformationVillage of Teutopolis, Illinois
Address: 106 West Main
City: Teutopolis
State: Illinois
Website:
http://www.teutopolis.com/Incentives/111/a
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