Tell City EDC Revolving Loan Fund
The City of Tell City offers a Revolving Loan Fund (RLF) program to assist with economic development. The program was initially funded by state and federal sources and has grown over the years through the recapture of loaned funds. Funds are available for business start-up, expansion or retention. The main goal of the loan program is job creation The loan program is restricted to businesses located in Perry County. The Revolving Loan Fund Board is comprised of members of the Tell City Economic Development Commission, City Council, elected officials, and local business representatives.
Applicants are encouraged to work with local financial institutions first and utilize the RLF as gap financing. Loan applications are reviewed on a case by case basis, with terms and re-payment being negotiated. Typical loans range from $5,000 to $150,000 with terms of 5 to 10 years.
For questions or to pick up an application, please contact Janice Hackbarth in the Mayor’s Office, City Hall, at (812) 547-5511.