Areas Served: Statewide Indiana
The Capital Access Program provides businesses with access to capital by encouraging lenders who participate in the program to make loans they may not otherwise make.
The CAP-SSBCI allows lenders to consider making slightly riskier loans that might not meet conventional small business lending requirements.
Eligibility To be eligible for the tax credit:
¢ Most types of loans to Indiana businesses qualify for CAP-SSBCI
¢ Most Indiana Businesses with 500 or fewer employees qualify
¢ Loans up to $5,000,000 may qualify.
¢ CAP-SSBCI may not be used in conjunction with any other federal credit enhancement tool on the same credit facility.
¢ Term loans and lines of credit are eligible credit facilities.
Contact InformationIndiana Economic Development Corporation
Address: One North Capitol, Suite 700
City: Indianapolis
State: Indiana
Website:
http://iedc.in.gov/programs-initiatives/Capital-access-program
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