IRP Loan Program
LCEDC participates in the USDA Rural Development Intermediary Relending Program (IRP).
This loan program provides gap-financing to startup and existing businesses in Lake County who need capital and are creating jobs.
• Loan amounts range from $10,000 to $150,000.
• Loans will be collateralized (real estate and/or UCC filings on equipment).
• Loan terms are from 1 to 10 years.

Eligible uses for loan funds:
• Purchase of equipment, inventory, and real estate.
• Leasehold improvements.
• Working capital.