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PPP Loans for Marion County Businesses

The Indy Chamber’s Business Ownership Initiative is partnering with local lending partner Bankable to help facilitate SBA Paycheck Protection Program (PPP) loans. The loan program provides small businesses in Marion County with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Funded by the City of Indianapolis

Basic Details

Businesses can request up to 8 weeks of payroll costs, capped at $75,000 for our specific program.

  • 1% fixed interest rate
  • Fully forgivable
  • Loan payments will be deferred for 6 months, due in 2 years
  • No collateral or personal guarantees

Eligibility

Businesses applying for a PPP loan through the Indy Chamber must meet ALL the following criteria:

  • Registered in Marion County
  • Did not already apply for a PPP through another lender
  • For-profit business
  • In operation before February 15, 2020
  • Less than 500 employees

Our Process and FAQs

Have questions about our process and the PPP loans? Read our FAQ guide for more information.

Read the FAQs

Step 1. Calculate Your Eligibility

Before applying, you need to know how much you are eligible to borrow and how much you would like to request on your application. There are different calculations available depending on your business structure and employment status.

We have created our own Microsoft Excel-based calculator to help all types of businesses – you MUST complete and provide us this excel sheet with your application. For questions about using the calculator, email lending@businessownership.org.

Download our Excel calculator

Step 1. Calculate Your Eligibility

Before applying, you need to know how much you are eligible to borrow and how much you would like to request on your application. There are different calculations available depending on your business structure and employment status.

We have created our own Microsoft Excel-based calculator to help all types of businesses – you MUST complete and provide us this excel sheet with your application. For questions about using the calculator, email lending@businessownership.org.

Download our Excel calculator
 

Step 2. Fill Out Our Form

Once you’ve completed your Indy Chamber calculator and reviewed our FAQs, get started with your application by filling out our intake form.

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