rlfStart-up and existing businesses are encouraged to consider using the Sully RLF (Revolving Loan Fund) if they have had trouble securing financing for their project. to medium size businesses. The
Sully RLF (Revolving Loan Fund) was established to improve the Sully geographic area economy by providing “gap” financing for small and emerging private business enterprise projects that may or may not increase property valuations or employment opportunities.

Any business located in the Jasper County portion of the Lynnville-Sully Community School District is eligible to apply. Some possible uses that the Sully RLF funds could be used for:
• Acquisition of land, buildings, and equipment
• Building renovation, rehabilitation or equipment installation
• Working capital for inventory and direct labor
• Technical assistance for private business enterprises

Refinancing, residential construction, specialized equipment not essential to the operation and routine maintenance generally cannot be financed.

Loan amounts are subject to the availability of funds. The minimum loan is $2,000. Interest rates will vary with the prime rate and are set by the Sully RLF Loan Committee. Rates will range from 2-5% and typically will not exceed prime rate by more than 2%. The Sully RLF Loan Committee will determine the loan term, which will depend upon the project being financed.

Interested business owners or persons considering a new business are encouraged to review our RLF Program information including our Brochure, Pre-Application and Application forms. For more information please contact the City of Sully at 641-594-3493. Or  to read the online brochure. A brochure explaining the Sully RLF and the Pre-Application and Application form links are available on the City of Sully website.