Revolving Loan

The WCDC offers a low interest Revolving Loan Program. The funds are provided by local banks and corporations, and are available to WCDC and Kosciusko Chamber of Commerce members for interior and exterior building renovation projects and even assistance in purchasing a building in the Downtown C-4 District.

Revolving loan interest rates are currently set at 75% of NY Prime Rate. The rate is fixed for 5 years and then adjusts for the remaining period of the loan at the 75% NY Prime Rate.

Borrower can apply for up to a $50,000 loan for the following:

  • Property improvements.
  • The purchase of a building within the C-4 District.
Requirements:
  • Borrower must be located within the C-4 District.
  • In order for the applicant to be eligible to receive WCDC loan for a building purchase, applicant must have at least 10% equity into the purhcase.
  • Borrower must be a paid member of the WCDC and Kosciusko Chamber of Commerce at the time the loan is opened and for the life of the loan.

Loan term of up to 10 years with an amortization not to exceed 20 years. No prepayment penalty.


For additional information or questions, please contact Jen Kerns at 574.267.6311.

Please click HERE to view the map of C-4 District in our Helpful Resources.

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