Access Capital through Business Ownership Initiative

Applying for a loan through the Business Ownership Initiative (BOI) is simple. Either download the application and complete it by hand, or complete the application online, and return it to our team. Then, we’ll be in touch to schedule your loan application review meeting. Continue reading to learn more. 

Download Application

Submit Your Loan Application Here

Please use this form to submit your Business Ownership Initiative loan application.
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    Please upload your completed loan application here. If there is a problem with the file, someone will reach out to you.


    Frequently Asked Questions.

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    What is a BOI loan?

    We provide loans of $1,000 – $50,000 to a business, either start up or an existing business, with up to 5 employees.

    I would like to meet with a coach to discuss getting a BOI loan. What should I bring to my first appointment?

    We have an intake form that we will have you complete at the beginning of the first meeting. If you have an existing business, it is beneficial to bring your financials for the past two years because that will help with the initial discussion. In the meeting, the coach will explain the steps required to begin the loan process.

    Are there limitations to how I can use the funds?

    There are restrictions for how the loan can be used.  You cannot use the loan to refinance debt, purchase real estate, pay taxes or pay owner’s salary.

    Does BOI offer lines of credit?

    No, all of our loans are structured as a term loan with a fixed interest rate.

    What are your interest rates and fees associated with your loans?

    Our interest rates are typically in the 6%-9% range with fees (application and closing) of up to 3%.  There are no prepayment penalties with a BOI loan.  

    Does the location of the business matter?

    Yes, we serve clients and businesses that reside in Marion, Boone, Hamilton, Madison, Hendricks, Hancock, Shelby, Johnson, and Morgan counties.  Unfortunately, we cannot offer loans to clients and businesses outside those counties.

    Are there restrictions to the types of businesses that can get loans?

    We offer loans to for-profit businesses.  Currently, we do not lend to nonprofit organizations, unless the business meets one of the following exceptions:

    • It is a nonprofit whose main mission is to address the food desert crisis in Central Indiana.
    • It is a nonprofit whose main mission is to offer non-religious and non-denominational childcare services.