|Indiana Chamber of Commerce
||Small business loans
||Our Rapid Response Loan Fund through the Indy Chamber’s Business Ownership Initiative (BOI) and its partners is an affordable option for loans of $1,000-$25,000. These could be used to pay employee salaries, insurance premiums, or as a bridge loan until additional funding kicks in from your bank or from the SBA.
These loans have a 3.75% interest rate and no application fee, along with no prepayment penalties. We have flexible eligibility requirements, and we’re here to provide technical assistance and coaching along the way.
|Indiana Office of Community and Rural Affairs
||Redirection of funds to assist with COVID-19
||Community Development Block Grant funds may be redirected to assist with COVID-19 needs based on guidance from the United States Housing and Urban Development. Includes grants for economic development to retain and create new jobs.
– Communities can apply for to up to $250,000 per application;
– Activities are should be immediate, within the next three months;
– Long-Term Recovery phase is coming in the near future.
||Small Business Loans + Small Business Assistance Fair
||The City of South Bend is awarding grants totaling $600,000 to a pair of community development financial institutions (CDFIs) to provide small business loans to local firms impacted by the COVID-19 pandemic.
The City is partnering with two CDFIs, Bankable and Accion Serving Illinois and Indiana, who will administer the emergency small business loans. Both organizations have long track records of lending to under-resourced borrowers, including a focus on equity and inclusion.
||Startup and Recovery Loan
||The City of Fishers recognizes the need for capital resources to support businesses. While Federal and local funding are available for small businesses to support ongoing operating costs, the Start-Up and Recovery Loan program provides start-up funds for small businesses which will need an influx of capital as they begin to restart their normal operations.
|Indiana Arts Commission
||Indiana Arts Emergency Relief Fund
||Fiscal year 2020 Arts Organization Support (AOS) I, II, and III grant recipients of the IAC are eligible for funding and will be awarded fixed amounts of approximately $2,500 – $3,000.
All eligible organizations will be awarded funds upon the successful completion of a required form assigned in the online grant system.
||Boone County Small Business Economic Relief Fund
||Boone County Small Business Economic Relief Fund is a three-part program where Boone County-based existing private, small businesses affected by an economic downturn have the opportunity to apply for a maximum $10,000 loan with terms of 0% interest for 24-months or 2.75% interest for 60-months for any working or non-working capital expenditures.
|Attica Economic Development Commission and City of Attica
||City of Attica Emergency Relief Forgivable Loan program
||Businesses that have experienced a financial impact due to the COVID-19 pandemic may be eligible to receive up to $2,000. To be considered eligible for the loan, businesses must be located within the city limits of Attica, have no current property tax liens or legal judgments and cannot be a part of a national chain or franchise.
||Jeffersonville Sustains – Forgivable small business loan fund
||“Jeffersonville Sustains” will provide access to operating capital for specific small businesses within Jeffersonville that have been negatively impacted by the 2020 COVID-19 pandemic. Qualified businesses must be locally-owned and operated restaurants, bars, entertainment venues, boutiques, salons and retail shops not part of a national chain or franchise.
||Oakland City Small Business Grant Recovery Program
||The Oakland City Small Business Grant Recovery Program offers grants to Oakland businesses, particularly those businesses in high risk categories including: food and beverage, personal care, professional services, and retail sectors.
||Princeton Small Business Grant Recovery Program
||Princeton has created the Princeton Small Business Grant Recovery Program which offers grants to Princeton businesses, particularly those businesses in high risk categories including: food and beverage, personal care, professional services, and retail sectors.
|Kosciusko Economic Development Corporation
||KEDCO SMALL BUSINESS RELIEF FUND
||KEDCo Small Business Relief Fund is a program developed to support recovery and job retention for existing small businesses in Kosciusko County impacted by COVID-19. The program will end when funds run out. There is no fee to apply.
> Up to $10,000
> Zero percent (0%) interest
> 24 month term
> Payments deferred for up to six (6) months
|Kosciusko Economic Development Corporation
||KEDCO REVOLVING LOAN FUND (RLF)
||Our Revolving Loan Fund (RLF) helps businesses, even during the pandemic, to:
Acquire land, building, equipment or other fixed assets
Build, expand, or remodel a building
Purchase equipment or machinery
Research or develop new products and/or processes
Buy out or purchase business assets
KEDCO has several loans of $10,000 increments available.
||Small Business Loan Program
||The maximum possible award for any applicant within the city limits will be capped at $5,000, but because the Small Business Loan Program has limited funding, not all loan requests may be approved or approved at the level requested. Applications will be reviewed by a selection committee.
Terms of the loan will be for a fixed period of two years at 1% interest. If the borrower has satisfied terms of the loan agreement and promissory note by its maturity date, the loan will be forgiven and essentially become a grant — so long as the business stays open during the term of the loan.
Small businesses must be current on all taxes, not in violation of any federal, state or local codes and ordinances, be credit-worthy, and other criteria as determined by the council.
||Small Business COVID-19 Relief Fund Loan Program
||The program allows eligible small businesses to apply for a loan of up to 3 months rent/mortgage, amount spent on construction, rehab, or repair of commercial property within Mooresville TIF district within the last 2 years, or $5,000.
Applications are currently being accepted and will be reviewed by a committee of Mooresville Town Council representatives, MRDC and MCEDC beginning on May 25.
||OCRA COVID-19 Response Grant Program
||Knox County is providing short-term relief to local businesses that were affected by the COVID-19 pandemic.
Utilizing the Small Business Stabilization Grant Program, grants ranging from $5,000 – $10,000 will be distributed based on the number of employees.
||Small Business Resiliency Program
||The program, entitled the Small Business Resiliency Program will provide up to $10,000 in the form of a forgivable loan to qualified Hammond small businesses. The program, that will begin accepting applications next Wednesday, May 27th is for businesses with less than 50 employees, are brick and mortar and that are locally owned. Funds can be used for rent or mortgage payments, utilities, insurance, property taxes, COVID related equipment or other approved business expenses.
|LaPorte County Office of Economic and Community Development
||LaPorte County Action Fund
||Tony Rodriguez, the office’s executive director, said grants of up to $10,000 will be issued to at least 25 small businesses strictly in unincorporated areas of the county.
“This is about trying to save and be the life line to some of these small businesses that are really struggling,” he said.
Rodriguez says businesses employing anywhere from 499 to less than five people can apply by clicking LaPorte County Action Fund Application at laportecounty.in.gov.
|Greensburg Decatur County Economic Development Corporation
||City of Greensburg COVID-19 Response Small Business Grant
||The $250,000 grant will provide loans to local small business owners who are Low-to-Moderate Income or to retain LMI jobs. The funds will be processed through the Greensburg Decatur County Economic Development Corporation revolving loan program.
||Small Business Restart Fund
||Eligible Indiana small businesses can seek reimbursement for up to 80% of qualified expenses, such as rent/mortgage payments, utilities, lease payments for real or personal property, and safety investments, such as personal protective equipment (PPE) and infrastructure improvements.
||Wayne County COVID-19 small business loan program
||Businesses will be able to request up to $25,000 in the form of a zero-interest loan. The money can be used to pay for rent, mortgage, utilities, supplies, equipment, insurance, inventory, labor costs and other operating expenses. There will be no loan origination fees, and payments will be deferred for six months. Businesses then would have up to 54 months to repay the amount borrowed. Monthly payments that are 30 days past due will incur a late fee of 5% of the outstanding amount.
To be eligible for the program, businesses must be for‐profit, have owners who live in Wayne County, be physically located in the county, be subject to county taxes, be current on all property and payroll taxes, have no more than 50 employees as of March 1, 2020, and meet U.S. Small Business Administration eligibility criteria.
||COVID-19 IMPACT MICRO-GRANT PROGRAM
||The Noble County Economic Development Corporation (EDC) is offering small business grants, funded by Community Development Block Grant dollars as part of Indiana’s COVID-19 Response Program. Indiana recognizes that our community is an economic frontier and that small businesses are absolutely crucial to survive this crisis. The EDC is privileged to distribute more than $95,000 to local small businesses to help keep their doors open, maintain jobs and sustain through and beyond the COVID-19 pandemic. For one-on-one assistance or a paper application, please email firstname.lastname@example.org.
|Indiana County Chamber of Commerce
||Small Business Grants
||Small business owners may get ready to apply on or around July 1 by gathering paperwork and familiarizing themselves with one of the community development financial institutions, or CDFIs. Locally, Locally, there will be four CDFIs serving this region:
• The Progress Fund: www.progressfund.org
• Bridgeway Capital: www.bridge waycapital.org
• Northside Community Development Fund: www.nscdfund.org
• The Reinvestment Fund: www.reinvestment.com
|Indiana Black Expo
||Support for black-owned businesses
||Indiana Black Expo (IBE) partners to expand COVID-19 economic & workforce recovery through education, community outreach & new programming
Gov. Holcomb approved $500,000 in federal funding made available through the CARES Act to support minority-owned businesses and entrepreneurs and communities negatively affected by COVID-19.
|Illinois Department of Commerce and Economic Opportunity (DCEO)
||Indianapolis’ RESTART Grant Program has extended its funding to local nonprofit organizations. The city will provide up to $5,000 to reimburse organizations for purchases of PPE, including disinfectant products and capital improvements to maintain safety measures for social distancing. To qualify, nonprofits must be located in Marion County, have achieved 501(c)(3) status from the state prior to February 15, have purchased PPE and other health and safety items as a result of the pandemic, and submit all receipts of such purchases, which must have occurred between March 16 and August 15 of this year.
|Town of Zionsville (IN)
||The Town of Zionsville (IN): Launched programs address the burden of unplanned expenses and lost revenue incurred due to COVID-19. Assistance may be requested through a grant process managed by the Town of Zionsville Community Development Corporation (CDC) or through a loan process managed by the Boone County Economic Development Corporation’s (Boone EDC) Small Business Economic Relief Fund. Apply through the town’s website.
|Economic Development Coalition of Southwest Indiana
||Economic Development Coalition of Southwest Indiana has partnered with local banks to offer a low-interest loan program to help local small businesses with 25 employees or fewer that may not have been eligible for other federal loan programs and are located within the four-county Southwest Indiana footprint including Gibson, Posey, Vanderburgh and Warrick Counties. Loans will range from $5,000 to $7,500.
|Blackford County Economic Development Corporation
||Blackford County has been awarded a grant for $234,000 from the COVID 19 Response funds provided by the Office of Community and Rural Affairs (OCRA), which will be administered by the Blackford County Economic Development Corporation. Funds support Low and Moderate Income (LMI) populations in Blackford County. Applications can be picked up and completed applications dropped off at Hartford City Mayor’s Office; Montpelier Mayor’s Office, BCEDC office at the Blackford County Annex building.
|Brown County Community Foundation
||The Brown County Community Foundation (BCCF) begins accepting applications for its Small Business Response grant program at noon on July 1, 2020. The program will distribute funds to small businesses, particularly those businesses in highly impacted sectors (food and beverage, personal care, professional services, and retail sectors) and will prioritize businesses that are retaining low-to-moderate (LMI) income jobs. Funds can be used as short-term working capital as businesses begin to reopen/resume operations, or support remote work. Funds will be awarded grant amounts based on their employee count with a maximum award of $10,000.
||Manufacturing Readiness Grant
||The Manufacturing Readiness Grant, administered by the IEDC in partnership with Conexus Indiana, is part of the $10 million Economic Activity Stabilization and Enhancement (EASE) program designed to stimulate manufacturing investments. Funding may be utilized for health care manufacturing technology, providing financial assistance to manufacturers supporting COVID-19 response efforts. To be eligible, applicants must be registered to do business in Indiana with the Secretary of State’s Office and have plans to purchase smart manufacturing or health care manufacturing technology and equipment that will be located and utilized in Indiana. Applications are available online.
|City of Salem
||The City of Salem will provide up to $5,000 grants to qualifying businesses.
||Huntington County Small Business PPE Reimbursement Grant
||The program will help cover the costs of buying personal protective equipment between March 1 and Oct. 31. Personal protective equipment includes masks, wipes, and other cleaning supplies. Nonprofits, freelance workers, and other businesses with 1 to 20 employees in the city and county can apply.