Rushville Republican

Business

September 20, 2013

City awards small business development loan

The City of Rushville recently assisted Twisted Sisters Bar, LLC with a Small Business Loan Program loan to assist them is opening their bar/restaurant. A loan for $25,000 will be used to help finance the cost of restaurant furniture and equipment as well as working capital. Twisted Sisters Bar is located at 514 West Second Street and plans to on creating two full time jobs and three part-time positions.

Mayor Mike Pavey said, “This business has made an investment into the community and will help create local job opportunities for the residents of Rushville. We are happy to support their efforts.”

The City of Rushville Small Business Development Loan Program is funded by the United States Department of Agriculture, Rural Development, Rural Business Enterprise Grant program. The grant to the city is designed to provide loan assistance as an incentive for business expansion, job retention and creation, and private investment in rural areas of Indiana.

The loan program is an Equal Opportunity Program, open it to all qualified businesses located or locating within the corporate limits of the City of Rushville. The goal of the program is to help local businesses obtain capital in an effort to create or retain jobs in the City of Rushville. John McCane explained that there are also funds available for businesses locating outside the city limits as long as the business is located in Rush County. He stated, “One of our missions at ECDC is to promote entrepreneurship and encourage young college-educated professionals to stay in or relocate to Rush County. This particular loan certainly fits that criterion. We encourage others to think about starting a new business or expanding their current business. We have many resources to assist with those endeavors.”

Please call the Rush County Community and Economic Development Corporation at 765-938-3232 for additional information, and to answer any questions regarding this funding.

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