The Indy Chamber knows that small businesses are the lifeblood of our region. That's why Business Ownership Initiative, a business unit of the Indy Chamber, is dedicated to ensuring you have the resources you need to succeed.
And these resources continue to expand! Just announced last week, Indianapolis is now home to the largest chamber-backed microloan fund in the country thanks to funding from JPMorgan Chase Foundation. Launched in 2011, BOI's microloan fund has grown significantly helping small businesses in the Indianapolis region with operating capital. Microloans range from $1,000 to more than $50,000.
What can you use a microloan for?
- Working capital
- Purchase new equipment
- Hire temporary staff
- Expansion projects
- And more!
The microloan process is easy, apply for one today! Loan applicants must meet with a business coach who will assist them in the application process prior to submission to the BOI loan committee for approval. To find out more about the microloan programs available, call BOI at 317-464-2200 or visit their website at businessownership.org.
Read the press release for JPMorgan Chase funding announcement.