Blog

Owning and operating your own business is part of the American dream, but if it was easy everyone would do it. You need ambition, dedication, and some form of financing. You might have a great product or service that people love, but you need the financial resources to get across the finish line to success.Read more

King Park is pleased to welcome Delena Heath as our new Loan Service Manager. A life-long resident of Indianapolis, Delena spent her formative years living in the King Park neighborhoods. Delena comes to King Park Development Corporation with well over twenty years of office administration and client services experience along with earning a degree inRead more

What would you do if you had $1 million? The Build Fund takes $1 million and turns it into so much more. For every million dollars we invest in local businesses, our investment has doubled the assessed value of borrowers’ real-estate, increasing their values on average by $2 million. As the only Community Development FinancialRead more

The Build Fund recently completed our assessed value analysis and found that many of our borrower’s properties increased in value. This is beneficial for the businesses themselves, but it also means they can contribute more to our local communities; it increases the amount of property taxes that Marion County can collect. Property taxes are aRead more

King Park is pleased to welcome Alex Ervin as our new Financial Portfolio Analyst for the Build Fund. An Ohio native, Alex came to Indiana to attend the O’Neill School of Public and Environmental Affairs (SPEA) at Indiana University Bloomington. He earned his master’s degree in public financial administration and policy analysis. Upon graduating, heRead more

King Park launched the Build Fund to further its mission of building resilient neighborhoods in Indianapolis through collaborative partnerships. One of these beneficial partnerships is with the Edna Martin Christian Center (EMCC). The partnership between the Build Fund and EMCC is a natural one. Both organizations hope to create thriving, inclusive, and diverse communities withRead more

Whether you’re looking to repair your credit in the short-term or the long-term, just know that there is no quick way to fix your credit score. It’s going to take time. Ultimately, the only way to repair your credit is to pay your bills on time, pay down debt over time, and limit applying forRead more

As a general rule, it’s best to keep your personal and business financials as separate as possible, but this can sometimes be difficult, especially as a small business. The distinction becomes blurry when it comes to your personal credit because it can greatly affect your business and available options. Your personal credit is used asRead more

We’re thrilled to announce that the Build Fund, a business loan fund operated by King Park, won the LISC Indianapolis Love Thy Neighborhood Award in the Opportunity Category, announced on April 18 at the awards ceremony held at the Indiana War Memorial. As a way to recognize community game changers in the Indianapolis region, the Love Thy NeighborhoodRead more

As the only CDFI solely devoted to supporting economic development in Indianapolis, the Build Fund is committed to generating economic growth in Marion County by connecting businesses to flexible, affordable, and responsible funding. While we hope to strengthen all businesses in the area, we want to create opportunities for those that have traditionally been underserved.Read more