Indiana APEX accelerator is a part of the Indiana Economic Development Corporation. They prepare established businesses to sell products or services to the government or military through no cost confidential counseling services, workshops, and trainings.

Visit Indiana APEX Website

Technical Assistance (TA) program is on a mission to empower Hoosier entrepreneurs, startups, and small businesses. As the Indiana Economic Development Corporation (IEDC) deploys $99 million throughout the state, we want to ensure businesses are prepared to successfully apply for capital programs and expertly manage the capital they receive. Our carefully selected Technical Assistance providers will train and advise Indiana entrepreneurs in financial and accounting topics that are tailored to individual business needs. Our goal is to provide access to capital and create ecosystems of opportunity, while promoting economic equity across the state.

Visit SSBCI Website

CAP provides businesses with access to capital by encouraging lenders who participate in the program to make loans they may not otherwise make. The CAP-SSBCI allows lenders to consider making slightly riskier loans that might not meet conventional small business lending requirements. Under CAP, the borrower, the lender and the IEDC each contribute a percentage of the loan into the lender’s dedicated reserve fund, which pools contributions (premiums) from all CAP-SSBCI loans enrolled by the particular lender. The lender determines whether a loan is made, the interest rate, the terms and conditions and the percentage contributed to the reserve fund (borrower and lender each contribute between 1.0 to 3.5 percent of the loan amount enrolled). The borrower pays its designated percentage, and the lender matches this amount (which the lender passes on to the borrower). The IEDC contributes a combined match for both the lender and borrower for a 1:1 premium match.

Visit CAP Website

In partnership with Conexus Indiana, a nonprofit-branded initiative of the Central Indiana Corporate Partnership (CICP), the state will provide matching grants to companies committing to modernizing their operations or integrating smart technologies and processes to improve capacity, speed and quality. The funding may also be utilized for health care manufacturing technology, providing financial assistance to manufacturers supporting COVID-19 response efforts.

Visit Conexus Indiana Website

The Indiana Finance Authority (IFA) is authorized to issue tax-exempt bonds, which lower the cost of financing for manufacturing projects, health care facilities, private institutions of higher education and certain other qualified projects. To qualify for tax-exempt financing, an applicant that is not a 501(c)(3) must first be awarded “Volume Cap.” Indiana is allotted annually a specific amount of Volume Cap that may be awarded to qualified applicants for the purpose of issuing tax-exempt bonds.  Tax-exempt bonds are often structured similarly to a term loan or mortgage, and the interest rates vary based on the company’s financial situation, credit enhancements, method of sale of bonds and the current market.

Learn More