Through leadership in community development efforts, we serve as an agent of change in building a better community for all members.

Small Businesses

We can help you start or expand a small business.

We administer the Business Enterprise Loan program (BEL) in partnership with the Marion Urban Enterprise Association and the Innovative Network-- a collaboration of the Grant County Economic Growth Council, Taylor University, Indiana Wesleyan University, Ivy Tech Community College, and Marion-Grant County Chamber of Commerce.

Business enterprise loans may provide terms that are more lenient, less secure, or otherwise less stringent than industry standards. The primary goals of the program are two-fold: create/retain jobs and add value to Grant County community(s).

BEL funds may be used for real estate acquisition and project development, new construction, rehabilitation, equipment purchases and repairs, working capital, or other reasonable expenses.
BEL funds that contribute less than 30% of total project costs are considered to be a lower risk and interest rates and loan terms will be more favorable. Committed participation from other financial lenders and/or investors will also positively impact loan approval and the amount of financing available.
BEL can fund up to 100% of the project costs but the loan is considered to be a higher risk and interest rates and loan terms will be less favorable.
Loans will be secured with the highest lien position available. In addition, personal guaranties and/or other security may be required as circumstances indicate.
Loan terms will typically range from one (1) to seven (7) years and may be prepaid at any time without penalty.
Interest rates will be fixed for the term of the loan. The interest rate, term, and amortization of the loan will be structured to allow for a reasonable rate of return to the investor(s) and adequate cash flow to service project debt.