Revolving Loan Fund

Thrive Launches:

Spark - Revolving Loan Fund

It can be hard to access capital as a new or growing business. Thrive is dedicated to encouraging the entrepreneurial spirit that drives business development in our communities.  Working with the USDA, we are accepting applications to provide low interest loans to businesses in Clay, Parke, Putnam, Sullivan, Vermillion and Vigo counties.

Thrive West Central, an innovative regional driver dedicated to building strong communities and improving quality of life in West Central Indiana, has announced the creation of Spark, a new revolving loan fund to support the region’s small and emerging businesses.

Spark was created through a Rural Business Development Grant from the U.S. Department of Agriculture. This fund will provide loans to small businesses located in rural areas who are not able to obtain funding through commercial financial institutions to enable them to expand their operations and create new jobs.

Eligible applicants must have less than $1 million in projected annual revenue, employ 50 or fewer employees, be located in a non-urbanized area as defined by UDSA (verify eligibility), and provide proof of a loan rejection from a commercial financing institution. In addition, applicants in jurisdictions with existing revolving loan funds-must seek assistance from such funds before applying for a loan from Spark. Funds will be allocated quarterly based on their anticipated economic impact for the community, including retaining or generating high-quality employment opportunities.

The basics

  • AMOUNT: Minimum $5,000

  • AMOUNT: Maximum $50,000

  • TERM: 6 Months – 7 Years

  • INTEREST RATE: Varies by Risk

  • DISBURSEMENT: Quarterly
  • PURPOSE: Job Creation & Retention

Spark - Revolving Loan Fund


  • The business is located a non-urbanized area (verify eligibility) in one of the following counties: Clay, Parke, Putnam, Sullivan, Vermillion, or Vigo.

  • The business has been denied for a loan with a financial institution and/or other local RLF.

  • The Business employs 50 or fewer employees.
  • The business has less than $1 million in projected annual income.
Download Application
Download Credit Authorization Form


The deadline to apply for the current round of Spark funding is Monday, June 27th, 2022 at noon.

Once your application is complete please submit online:

Submit Application

or mail to:
Thrive West Central
ATTN: Revolving Loan Fund
2800 Poplar St, STE 9A
Terre Haute, IN 47803

"The Spark fund is a great way to encourage entrepreneurship in our region and make room for additional employment opportunities"

Thrive’s Executive Director

Ryan Keller

Promised Growth.

Dedicated Quality of Life.

Dedicated Care.