Cambridge Capital Management
New and existing small- and medium-sized companies that are experiencing growth - but are unable to obtain conventional financing from a bank or other financial institution - may have two funding options. The first is the Indiana Statewide Certified Development Corporation, Indiana's largest lender of funds from the U.S. Small Business Administration (SBA) 504 loan program. SBA 504 funds can provide long-term fixed-rate financing for a business's fixed assets including real estate, existing buildings, construction of new buildings, and purchase and installation of equipment. The second option is the Indiana Community Business Credit Corporation, a privately owned company that manages a pool of risk capital provided by Indiana banks. One of the fund’s participating banks must be a primary lender with at least a 50 percent exposure. The Credit Corporation then takes a subordinate collateral position for projects that need at least $200,000 in new financing. The project funding can be used for any legitimate business purpose, including working capital. Both programs are managed by Cambridge Capital Management Corporation in Central Indiana.
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Elevate Ventures, Inc. Initiative
Indiana has recently launched its most recent entrepreneurial effort with Elevate Ventures, a 501 (c)(3) non-profit intended to provide entrepreneurs with the expertise and resources they need to transform their ideas into the next generation of companies. With this effort, Indiana will be able to provide direct support to emerging start-ups, including a variety of business support resources, mentorship programs, and investor and venture capital.
Programs Offered by Elevate Ventures, Inc.
Indiana Business Incubators
Indiana Business Incubators help new companies grow during the startup phase to reduce the risk of small business failures. Incubators may provide management assistance, marketing support, access to financing, and technical support services. They may also offer shared office services, light industrial space, networking opportunities, access to equipment, flexible lease terms, and expandable space usually for two to three years. Incubators have different selection criteria for prospective clients based on niche markets or on assisting targeted populations. Several Indiana cities, universities, and community and economic development organizations operate business incubators.
Click here to view Incubator and Co-Working Space locations.
The Indiana Small Business Development Center
The Indiana Small Business Development Center (ISBDC) offers free and low-cost information, management counseling, and educational services to Indiana small business owners and potential entrepreneurs. The ISBDC helps Indiana business grow and create new jobs within the state.
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here to learn more.
Small Business Administration
The U.S. Small Business Administration (SBA) offers a variety of programs and services to support small businesses. Learn about SBA-backed loans, government contracting opportunities, disaster assistance and training programs to help small businesses succeed.
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here to learn more.
Venture Club of Indiana
The Venture Club of Indiana is a non-profit organization dedicated to helping entrepreneurs and investors succeed through participation in a network of resources guided by a group of business experts with backgrounds in industries like banking, Web development, human resources, and academics.
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here to learn more.