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 Warsaw City Limits.
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:|
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 Rob Parker at 574.267.6311 x6
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