1704 Bellefontaine St., Indianapolis, IN 46202

Funding with Benefits: 4 Ways The Build Fund Helps Indianapolis Businesses

For startups and established businesses, the time comes to invest before you can grow, add jobs, attract and serve more customers. Funding options can be daunting, and the lender down the street may not be the best fit.

How do you secure funding that’s fair, responsible, and low-interest? And where do you find a lender that prioritizes community over profits?


As you weigh your options and next steps, do consider the following reasons why Indy businesses like Ash & Elm Cider, Hotel Tango Artisan Distillery, Cannon Ball Brewing Company, Roka Farms and many others came to the Build Fund to make their vision a reality.

 

 

4 Ways the Build Fund Helps Indianapolis Businesses

 

 

1. Unlike conventional lenders, the Build Fund is a CDFI.

Short for Community Development Financial Institution, CDFIs are designed to boost the local economy through affordable lending, particularly in underserved communities. Operated by King Park Development Corporation, the Build Fund is the only CDFI solely devoted to growing businesses in Marion County, Indianapolis.

As loans are repaid, any profits we generate are reinvested in other businesses, which commit to creating jobs as a condition for their loan. Since 2015, we’ve supported 68 businesses and enabled the creation of 148 jobs in Marion County.

 

2. High-touch, low-stress process: We win when you win.

Applying for a loan with the Build Fund is a straightforward process with plenty of guidance along the way. Your Build Fund liaison will help you complete the application, gather documentation, troubleshoot, and plan for growth.

We’re mindful that when you win, so do we, and so does Indianapolis. Naturally, we want you to have all the resources you need to succeed.

 

3. We help make you more bankable.

Newer companies that don’t have three years of tax returns or experience may have a hard time securing a traditional loan. We work with you to make you more bankable, and often partner with banks to bridge that gap and facilitate loans.

Most loans we’ve closed start at $100K and we have the capacity to lend above to $1M. We routinely refer businesses to partner lending institutions to participate on loans or to provide microloans that we do not offer.

 

4. We support your growth, post-loan.

Beyond loans, the Build Fund also provides a range of services for businesses expanding in Marion County, including:

  • Site selection assistance
  • Grant administration and regulatory compliance
  • Management of environmental assessment and remediation activities
  • Connecting employers with skilled employees through partners agencies
  • Government liaison for infrastructure, zoning, permits, and public investment

Each year, we also visit each borrower to see the progress they’re making, the ways they’re impacting their community, and to discuss what’s ahead.

Ready to take the first step? Submit a brief ”Start the Process” questionnaire and let’s explore whether we’re a good fit. We can’t wait to hear your vision for your business and community.