Lake County Programs

Lake County SealLake County Revolving Loan Fund

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
  • Energy conservation
  • Leasehold improvements
  • New building construction
  • On-Site infrastructure
  • Pollution control

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.