This program is to provide an incentive for business expansion, job creation, and private investment in the counties of Adams, Blackford, Dekalb, Elkhart, Grant, Huntington, Jay, Kosciusko, Lagrange, Noble, Steuben, Wabash, Wells, and Whitley along with rural areas outside of Fort Wayne and New Haven in Allen County, Indiana.

Loans may be used for land and building, renovations, equipment, inventory, and working capital.

Maximum loan amount of $25,000 without private match; $50,000 with private match

Agricultural purposes not allowed

One (1) job must be created for each $25,000 of CDC loan amount

Rate is based on WSJ Prime -1% with a floor of 4% and is locked in at time of board presentation

Fixed rate for term of loan and no pre-payment penalty