Phase 2 - Small Business Loan Program for Parke County
The Indiana Office of Community (OCRA) and Rural Affairs has announced a Phase 2 forgivable loan program to support the retention of low-to-moderate-income (LMI) jobs. Parke County has received funding and will be accepting loan applications from now UNTIL SEPTEMBER 18, 2020.
In order to qualify your business must have less than 100 employees and 51% or more of the employees' family income must fall below the maximum income requirements. The income survey must be completed for EACH employee. If you have less than 5 employees, the owner income survey MUST be included.
Maximum Loan Amount = $25,000
First 6 months payments deferred and interest free
After 2 years balance of loan forgiven if all agreed terms met
Loans awarded in October 2020
Applications must be submitted by email or in person to:
Partnership Parke County
110 E High St
Rockville, IN 47872