Jasper County Economic Development Inc. (JEDI) has announced the launch of its new Revolving Loan Fund (RLF), a financing program designed to provide affordable capital to local businesses looking to start, expand, or invest in their operations.
The Revolving Loan Fund offers financing for a variety of business needs, including startup costs, business expansion, equipment purchases, and other growth opportunities. Unlike traditional grant programs, the RLF is self-sustaining, with loan repayments returning to the fund to finance future businesses throughout Jasper County.
“This program creates a lasting impact on economic development by continually reinvesting in local businesses,” JEDI said in its announcement.
JEDI also recognized Parklanes as one of the first businesses to receive startup funding through the new program.
“We’re proud to partner with Parklanes as one of the first businesses to receive startup funding through the program,” the organization said. “We appreciate the opportunity to support your investment in Jasper County and wish you continued success.”
The launch of the Revolving Loan Fund marks another effort by JEDI to encourage entrepreneurship, strengthen existing businesses, and foster long-term economic growth throughout Jasper County. By recycling loan repayments into future financing opportunities, the program aims to build a sustainable source of funding that will continue to benefit local businesses for years to come.
Businesses interested in learning more about the Revolving Loan Fund or determining their eligibility are encouraged to contact Jasper County Economic Development Inc. (JEDI) for additional information.
