What is the Revolving Loan Fund and how do I qualify for it?

The Revolving Loan Fund (RLF) program is operated through the Department of Economic Development. The major goal of the RLF is to create new permanent jobs or retain existing jobs for Anderson. Generally, any small business is eligible to apply if they meet the definition of SBA size criteria. Exceptions are retail / commercial businesses in well-developed areas, real estate development companies, or construction firms.

The RLF program is designed such that up to 33% of the total project is lent through the RLF and at least 67% is lent by a private lender. In addition, the borrower may be required to make an equity injection of 10% of the total project cost.

For further information, please visit our Local Incentives page or contact us.

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1. I want to start a new business. What do I need to do? Where do I start?
2. How can I find out about business seminars and workshops?
3. I am looking for a new job but I don't know where to start. Can you help me?
4. How do I list my business property on the city's website?
5. What is a tax abatement and how do I qualify for one?
6. What is the Revolving Loan Fund and how do I qualify for it?
7. Who can I contact to find out about available grants or loans?
8. How do I report a street related problem/pothole?
9. How do I report an unsafe structure or environmental nuisance near my business?
10. Where can I find information about flying in to Anderson's airport?