Pulaski Commissioners Approve Revolving Loan for Reception Center

Pulaski County continues to smile upon fledgling businesses, as a family hoping to construct a banquet hall and reception center in the county have been granted a revolving loan on top of the rezoning approval they received in December. Gary and Sandra Saltzman were approved to have three parcels located at 8631 S. U.S. 421 in Francesville rezoned from A-1 to C-2 to allow them to open the banquet hall and reception center. Building Inspector Dave Dare said there are already buildings on the parcel that can be used for that purpose with only remodeling necessary.

Now, the pair have cleared yet another hurdle, having gained support from the county’s revolving loan committee for a $90,000, ten-year loan with 3.5 percent interest. The executive director of the Pulaski County Community Development Commission, Nathan Origer, said the money would be ued to remodel the building and to establish another building in the future.

Sandy Saltzman estimated the banquet hall to seat at least 100 to 150 people and she has high hopes to open the business before next spring.

The commissioners approved the loan unanimously, and Commissioner Larry Brady commented that he feels this has the potential to be a win-win for both the county and their business.