Bankable launched the Indiana Black-Owned Business Loan Fund program as a dedicated loan pool available to Black-owned businesses in Indiana. This fund will provide businesses with the resources necessary to secure safe and affordable capital, in addition to business development support.
Capital and business development
This loan fund will make fair and affordable loans more accessible to Indiana Black-owned businesses that have been unable to secure necessary financing.
COVID-19 relief
This fund provides the perfect opportunity to give financial support to those businesses impacted by COVID-19 who have missed out on funding from federal relief programs.
Becoming Bankable
The Indiana Black-Owned Business Loan Fund aims to help businesses become "bankable" by building a positive credit history, completing accurate financial reporting, and reaching business profitability.
Terms and Advantages
0 % interest Credit Builder loans of $500 approved for any legitimate eligible business
Small business microloans up to $50,000 with fair and favorable rates and terms
Interest rate of no more than 8.5%, one flat monthly payment, no closing fee
Access to Bankable’s Growth Ready program to receive free coaching, technical assistance, knowledge of valuable events, and notification of important resources
Mid-States Corporate MBE Certification up to $500 per client
Paid one year membership (up to $200) to Black Chamber of Commerce
Apply online at www.bankable.org.
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