Indiana Organization Sets New Record of $37.5 Million in Expansion Loans to Businesses

Naomi M — Thu, 13 Dec 2007 00:00:00 -0600

The Indiana Statewide Certified Development Corporation set a new record for small business expansion loans in fiscal 2007.

At its annual board meeting this month, the Indiana Statewide CDC will confirm that it provided $37,517,000 along with local banks to 66 projects for the year ending September 30. Total funding for the projects reached $103,538,588. The old funding records set last year were $35,469,000 to 69 projects and total funding from all participants of $99,479,979.

NY Business Owners Get a Boost From New Micro-Loan Program

Naomi M — Wed, 12 Dec 2007 00:00:00 -0600

The Small Business Administration is lending a hand to small businesses in Schuyler, Steuben and Chemung counties by providing the Regional Economic Development and Energy Corp. with $500,000 to fund the agency's new micro-loan program.

The maximum loan amount to a single applicant is $35,000, and the total budget for the project can't exceed $105,000. The interest rates will be based on the prime rate and determined when the loans are approved.

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Indiana Organization Sets New Record of $37.5 Million in Expansion Loans to Businesses

NY Business Owners Get a Boost From New Micro-Loan Program