Date
Wednesday, 14 Feb 2018 12:00 PM
Doors open at 11:45
Presentation begins at 12:00.
Bring your lunch
Join Kelley Coures, Director of the Department of Metropolitan Development for the City of Evansville to learn about this important source of business capital.
The Economic Development Administration Revolving Loan fund program is designed to provide capital to businesses that have a need for funds but find conventional financing unavailable. It is designed for higher risk lending. The fund has roughly $850,000 available.
Originally the terms only allowed for manufacturing but through efforts of the city, approval was received to restructure the program to be applicable to any commercial business that helps create jobs and brings technology innovation in our high poverty areas within the city limits.