Areas Served: Floyd County
The Horseshoe Foundation of Floyd County Small Business Revolving Loan Fund is designed to encourage and assist business development within Floyd County, Indiana by providing financing for a small, emerging private business enterprise that expands operations or increases or retains employment.
Eligible Industries/Businesses The Fund is targeted to: – Manufacturers; – Information Technology; – Transportation/Warehousing; – Healthcare; – Emerging and Advanced Technologies; – Service industries; – Trades ( Electrical/Plumbing/Roofing/Professional/Lawn Care), and – Retail Loan Criteria – Loan Size – in the $5,000 – $50,000 range (maximum loan size = $50,000); all loans are at the discretion of the RLFRC.
– Terms – up to 10 years for land and building; up to 5 years for equipment; and up to 2 years for working capital.
– Interest Rates – 2% below Prime with a minimum rate of 3%.
Contact InformationHorseshoe Foundation of Floyd County
Address: 33 State St. Suite 344
City: New Albany
State: Indiana
Website:
http://www.horseshoefoundation.org/revolving_loan.html
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