Economic Development Success Driven

Loan Programs

KEDCo Small Business Loans

Low Interest Loans at Prime Rate with a minimum loan of $10,000 and maximum loan of $40,000. Rate is fixed up to 5 years with loan term based on use of funds.

How to Qualify

  • The business must be located in Kosciusko County or be expanding by locating a facility in the county to apply for a loan.
  • Businesses with 25 employees or less and annual gross revenue of $2 million dollars or less.
  • Completed application along with required paperwork must be returned to KEDCo for consideration.
  • Business must maintain or create new jobs.

Use of Funds

  • Acquisition of land, buildings, equipment and other fixed assets.
  • Construction, expansion or remodeling of buildings.
  • Purchase of equipment or machinery.
  • Research and development of new products/processes.
  • Buy outs by purchase of business assets.

For more information contact Kim Nance at KEDCo or a Community Partner.

Click here for Small Business Loan Application

SBA Loan Programs

SBA offers a variety of loan programs for very specific purposes. Take some time to study the programs described in this section, to see if you qualify to participate.

  • 7(a) Loan Program                                                                                                                                                                                                                 The 7(a) Loan Program includes financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other very specific purposes.

  • What is a Microloan? The Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $13,000.                                                                                                                                                                                                                       
  • What is the 504 Loan Program? The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.