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

Ineligible Businesses:

  • 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.


Funded by:

OCRA, HUD and Jefferson County Government

An Equal Opportunity Lender