Caesars Foundation Loans of Floyd County Provide Small Business Owners Funds to Create and Grow Dreams

[NEW ALBANY, IN.] One Southern Indiana (1si) and Caesars Foundation of Floyd County are thrilled to announce three new Caesars Foundation of Floyd County Small Business Revolving Loan Fund recipients.  The loan assists businesses that provide evidence of Floyd County operations and projected impact of the proposed loan on the Floyd County economy.  To acquire eligibility, business owners must also have a two-year track record or transferable experience. The most recent recipients include Classic Restorations of Southern Indiana, LLC, Revive Salon and Spa, LLC, and Southern Indiana Spray Foam.

Classic Restorations of Southern Indiana LLC specializes in restoring, remodeling, and/or full-out customizing pre ‘72 cars and trucks in Southern Indiana since 1991. They offer services in metal fabrication, body/paint, mechanical, plumbing, electrical, and minor interior work. Their number one goal is to make their customers happy while striving for high quality standards and attention to detail.

“We would like to thank the Caesars Foundation for providing us funding to purchase the needed equipment to grow and outfit our new location. They have been great to work with and an asset to the community.” –Dustin and Pat Foust, owners

Revive Salon and Spa LLC is a salon and spa that is looking forward to utilizing funds to make the salon and spa ADA compliant. Angela G. Torp is the sole member of Revive and aims to welcome everyone to her salon.

“Caesars helped me create a dream and create a beautiful ADA compliant space for everyone to enjoy! They have helped give an old building new life and creating a safe and inviting space.”
— Angela Torp, Sole Member

Southern Indiana Spray Foam offers a variety of spray foam services in commercial and residential sectors. They are capable of insulating walls, ceilings, and roofs, as well as insulation for soundproofing. They pride themselves on 24/7 Availability, offering services at an affordable price, and free estimates.

“I was impacted by the Caesars board which was a very positive experience and led me to the success that awaits me. Thank you all.” — Keith Norton, CEO

Loan amounts range from $5,000 to $50,000 with a maximum interest rate less than the prime rate of interest. Maximum terms of loans are 10 years for land and building loans, five years for equipment loans, and two years for working capital loans. For more information, contact Rachael Armstrong at One Southern Indiana at (812) 206-9021 or RachaelA@1si.org.

“The Caesars Foundation is thrilled to offer loans from the Small Business Revolving Loan Fund to three local businesses,” said Executive Director, Tyler Bliss. “The Caesars Foundation encourages economic development in Floyd County, and small businesses are the heart of our community. We look forward to watching these businesses grow.”

“One Southern Indiana is always excited to watch business owners turn their dreams into reality,” said President and CEO, Lance Allison. “Rachael, our Small Business Navigator, is an excellent resource for small businesses looking to grow and succeed in Floyd County. We thank the Caesars Foundation for their continued support of entrepreneurial endeavors in our region.”

About the Caesars Foundation of Floyd County

The Caesars Foundation of Floyd County is a private foundation created to benefit the Floyd County community. The Foundation’s philanthropic focus traditionally falls into the categories of grant-making to charitable non-profit organizations, educational scholarships, and program-related investments that encourage economic development. For more visit www.caesarsfoundationfc.org.

About One Southern Indiana  
One Southern Indiana was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources, and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area. For more, visit 1si.org.  

For Additional Information: 

Tyler Bliss
Executive Director
Phone: 812-945-4332
Email: Tyler@CaesarsFoundationFC.org

Rachael Armstrong
Small Business Navigator
Phone: (812) 206-9021
Email: RachaelA@1si.org

Ellinor Smith
Content Marketing and Media Relations Manager
Phone: (812) 945-0266  
Email: Ellinors@1si.org

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