Revolving Loan Fund Board

Agendas & Minutes

Agendas are available prior to the meetings. Minutes are available following approval.
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Members

Jennifer Hall

Bankable, Flagship Enterprise Center

Trent Dowling

Star Bank

Jan Davis

Key Bank

Christy Smith

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.