The Industrial Revolving Loan Fund's (IRF) mission is to provide gap financing to retain and expand existing businesses, to assist start-up businesses, as well as, to create and/or retain manufacturing jobs.

• Eligible Businesses 
• Businesses located in the South Bend Urban Enterprise Zone, Toll Road, Blackthorn, and Airport Industrial Park complexes
• Manufacturing, transportation, communication, wholesale trade and service sectors
• Uses
• Purchase of real estate and construction of buildings
• Acquisition of equipment, machinery, supplies or materials
• Working capital based on individual review
• Interest Rates 
• Generally below market and fixed
• Financing Structure
• Gap financing (fund is used to supplement traditional financing sources)
• Bank 57% 
• IRF 33% 
• Borrower 10%

Contact for IRF Information:

• Robert Mathia  574.235.5835

Economic Development
227 West Jefferson Blvd. • Suite 1200 S
South Bend, Indiana 46601
574.235.9371