Revolving Loan Fund Program
The Jefferson County’s Commissioners are seeking local businesses negatively affected by the COVID-19 pandemic to participate in an economic development plan funded by the Jefferson County Commissioners and the Office of Community and Rural Affairs (OCRA). These funds were used to create a revolving loan fund (RLF) to small businesses. This opportunity will present itself every two years for Jefferson County businesses till funds are exhausted. The Jefferson County RLF is focused on assisting small businesses with low-to-moderate income level employees and prioritizes businesses that are owned by veterans, minorities, and/or women.
- Jefferson County Small/Micro Businesses with 1 or more low to moderate income employees
- Established and profitable business since 2019
Loan Terms and Conditions:
- 4-year term
- No Interest
- Loan is forgiven (granted) after 2 years of successful and timely monthly payments
Eligible Expenses (not exclusive):
- Rent/ Utilities/Mortgage
- Payroll/Production/Inventory Expenses
- Personal Protective Equipment (PPE)/ Remote Work Expenses/Pandemic Adaptive Marketing
- 501(c)(3) and/or municipalities
- Any small business that has received COVID-19 relief funds from OCRA
- Any small business located OUTSIDE of Jefferson County.
RLF applications are due Friday, June 2, 2023 by NOON
with awards being announced on Thursday, June 15, 2023.
Please mail or drop off applications to:
Jefferson County Courthouse
Commissioners Office Attn: Revolving Loan Program
300 E Main Street, Room 103
Madison, Indiana 47250
For general questions regarding the loan program, feel free to reach out to the Commissioners Office.
OCRA, HUD and Jefferson County Government
An Equal Opportunity Lender