Areas Served: East Chicago, Indiana
The City of East Chicago, Indiana offers fixed rate financing for fixed assets and working capital loans to industrial, commercial, and retail businesses in the City.
Loans are available for business expansion or retention, or for new businesses.
Rates are generally fixed at two points above or below prime, with a minimum rate of 4%.
Five year loans are available for equipment and working capital, and ten years for real estate.
The RLF offers $10,000 for each job created or retained.
The maximum loan amount is $75,000, to be matched with two dollars of private dollars for each RLF dollar.
Contact InformationCity of East Chicago
Address:
City: East Chicago
State: Indiana
Website:
http://www.eastchicago.com/page10/page48/page2/index.html
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