LaGrange County Revolving Loan Fund
Fund established in late 2012 structured to provide financial assistance to companies looking to relocate or expand in LaGrange County, or for new entrepreneurial ventures. Fund is designed to be used in conjunction with traditional financing. Loans cannot exceed $200,000 or more than 10% of the funds available balance.
Tax Exempt Bonds
Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower.