The Southeast Indiana Chamber Foundation is launching a $275,000 Revolving Loan Fund to support local businesses.
(Lawrenceburg, Ind.) - A new $275,000 Revolving Loan Fund to support Dearborn businesses impacted by the COVID-19 pandemic is now open for applications.
The fund, which will be administered by the Southeast Indiana Chamber Foundation, was established using a grant from Indiana’s Office of Community and Rural Affairs (OCRA). Applications to the loan fund will be accepted from October 7 through October 30. Any Dearborn County business impacted by the COVID-19 pandemic is eligible to apply.
The $250,000 grant from OCRA was supplemented by matching funds from Dearborn County Chamber of Commerce, One Dearborn, the Civista Charitable Foundation and the Southeast Indiana Port Authority which pushes the total loan fund to $275,000. For the initial round of loans, the maximum loan amount is set at $50,000 and a minimum amount of $10,000. New business starts are not eligible to apply at this time.
If you have any questions or would like to request an application package please reach out to Southeast Indiana Chamber Foundation executive director Eric Kranz at 812-537-0814 or firstname.lastname@example.org.