The Luce County EDC maintains a revolving loan fund (RLF) to support businesses in Luce County. The purpose of the RLF is to create and maintain jobs, stimulate the growth of new businesses and industries, stimulate the expansion of existing businesses, and support startups. Funds can be used for a variety of needs, including but not limited to: working capital, inventory, gap financing, startup costs, expansion, and more.

The process consists of an application, a personal financial statement, and the last three years of income taxes. Startups will require personal income tax returns for the last 3 years for all owners with more than a 20% interest in the business. There is a one-time nonrefundable application fee of $100.

Each loan is assessed and processed on a case-by-case basis. Each loan receives personal attention to ensure your business’s needs are met and to adhere to the predetermined guidelines for fund use.

Forms can be found below, obtained from our office/or emailed.  If you have any questions about the RLF process and procedures, please call our office at 906-293-5982.

Luce County EDC/RLF Application

Standard Loan Conditions

Explain the process of the EDC Business Assistance & Financing Document