Revolving Loan Fund Board

Agendas & Minutes


Agendas are available prior to the meetings. Minutes are available following approval.
Most Recent AgendaView All Agendas and Minutes

Members

  • Brad Condon
Old National Bank 
  • Mark Harville
PNC Bank
  • Adam Hoeksema
Bankable, Flagship Enterprise Center
  • Jason Jessee
Star Bank
  • Jan Mansfield
Key Bank
  • Aaron Reger
First Merchants Bank
  • Rob Sparks
Corporation for Economic Development
  • Greg Winkler
Anderson Economic Development Director
  • Doug Whitham
Anderson City Controller


Board Overview


The City of Anderson, in cooperation with local banks, offers a low-interest loan program for businesses located in Anderson. The Anderson Revolving Loan Fund offers loans of up to $100,000 at rates as low as four percentage points below the prime rate. Funds may be borrowed for up to 20 years, although loans are ballooned every two years for renewal. Borrowers must create at least one job for every $15,000 borrowed from the revolving loan fund.