Contact Community Action of Northeast Indiana
- Address
- 227 East Washington Blvd PO BOX 10570
Where they lend
Community Action of Northeast Indiana is an SBA-approved microloan intermediary serving Indiana.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Community Action of Northeast Indiana, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Community Action of Northeast Indiana will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
