The primary function of the Lake County Revolving Loan Fund is to provide short term construction (5 years for Machinery and Equipment) financing to establish or expand eligible industrial or commercial businesses. Eligible activities include:
Acquisition of building(s)
Acquisition of land only if a structure will be erected
Acquisition of machinery & equipment
New building construction
Interest rates range from a minimum of 3% and a maximum of 21/2 points under current rates at local financial institutions. The loan amounts range from a minimum of $100,000 to a maximum of $2,000,000.