Build Fund connects businesses to flexible, affordable, and responsible funding.
What is the Build Fund?
Started in 2015, the Build Fund is a small business loan fund operated by Renew Indianapolis and focuses exclusively on helping businesses grow and create jobs. Build Fund is certified as a Community Development Financial Institution (CDFI), which gives us power to generate economic growth and opportunity in the Central Indiana area.
The Build Fund has 4 primary goals in mind:
- Create growth and employment opportunities in underserved areas.
- Bring capital investment to developing businesses.
- Generate economic and community development.
- Assist businesses in becoming bankable with traditional financial institutions.
As loans are repaid by borrowers, the funds are used to revolved into new loans. The success of our borrowers is reinvested right back into the community to support the next generation of emerging business!
Learn more about how we can help businesses grow and succeed in the Central Indiana area.
What is A CDFI?
Community Development Financial Institutions (CDFIs) “share a common goal of expanding economic opportunity in low-income communities by providing access to financial products and services for local residents and businesses.” (Source: cdfifund.gov)
In order for communities to thrive, it’s important for local businesses to have access to basic financial services, affordable credit, and investment capital. A CDFI provides these amenities to support economic growth in underserved areas.