The loan recipients are all local to Southern Indiana and range from transportation to business expansion.
[NEW ALBANY, IN.] July 8, 2024 – One Southern Indiana (1si) and Caesars Foundation of Floyd County are thrilled to announce four new Caesars Foundation of Floyd County Small Business Revolving Loan Fund recipients. The loan assists private businesses in expanding operations and increasing or retaining employees. Businesses must be located or planned in Floyd County and have been established for at least two years. The recipients include Floyd Farm and Feed, Platform Dining & Lounge, LLC., P.U.S.H. Transportation, LLC, and CXE Insurance.Floyd Farm and Feed is a local animal feed and groomer in Georgetown, IN. The store features various farming materials, such as equine, flock, goat/sheep, and pet feed, supplies, and seeds. Floyd Farm and Feed will expand their operations to include a new building, which will prove much needed space for more inventory to assist customers.
Platform Dining & Lounge, LLC is a diversified venue with casual dining, lounge, and spirits. Located right off Main St., in New Albany, IN., the family-friendly establishment will provide an elevated experience when it comes to dining and entertainment.
P.U.S.H. Transportation, LLC is a family-owned transportation company in New Albany, IN., run by Lavonia Cochran, a seasoned commercial driver. P.U.S.H. Transportation offers a flexible and affordable solution for those who need scheduled, on-demand, and non-emergency medical transportation with a 15-passenger van.
CXE Insurance is an insurance agency that is locally owned and operated by Geoff Donaldson in New Albany, IN. They service Indiana for all insurance needs, as well as Kentucky for commercial, life and health insurance.
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 four local businesses,” said Executive Director, Dr. Josh Kornberg. “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 excited to see additional growth in the community,” 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 Caesar’s 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:
Dr. Josh Kornberg, EdD, CFRE
Executive Director
Phone: 812-945-4332
Email: Josh@caesarsfoundationfc.org
Rachael Armstrong
Small Business Navigator
Phone: (812) 206-9021
Email: RachaelA@1si.org
Brittany Schmidt
Manager of Programs, Events, and Groups
Phone: (812) 945-0266
Email: BrittanyS@1si.org
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