Agency / Department: Indiana Chamber of Commerce
Resource: Small business loans
Details: Our Rapid Response Loan Fund through the Indy Chamber’s Business Ownership Initiative (BOI) and its partners is an affordable option for loans of $1,000-$25,000. These could be used to pay employee salaries, insurance premiums, or as a bridge loan until additional funding kicks in from your bank or from the SBA.
These loans have a 3.75% interest rate and no application fee, along with no prepayment penalties. We have flexible eligibility requirements, and we’re here to provide technical assistance and coaching along the way.