Business Expansion and Entrepreneurial Development
Business Expansion and Entrepreneurship Development Program
In 2010, after recognizing the need for more microenterprise opportunities throughout the state, IHCDA created the Business Expansion and Entrepreneurship Development (BEED) Program, with the primary goal of assisting and fostering microenterprise development through community lending.
Pairing business counseling with financial assistance, the BEED program loans business up to $10,000 for start-ups and $25,000 to expand existing businesses. The BEED program may be paired with the Individual Development Account (IDA) matched savings program as well.
IHCDA currently works with several community action agencies around the state, serving micro-entrepreneurs in 40 of Indiana's 92 counties.
- BEED Main Body
- BEED Agency Quarterly Report
- BEED Borrower Quarterly Report
- BEED Borrower Data at Loan Closing Summary
- BEED Personal Financial-Cash Flow-Personal Budget Form
- BEED Reporting Summary
- BEED Quarterly Loan Default Summary
- Full Time Equivalent (FTE) Calculation Worksheet
- Quarterly Agency reporting tool June 2012
For additional information, please review the Rural Business and Enterprise Grant Program or the Indiana USDA page.
Additional Resources for Small Businesses
U.S. Small Business Administration
The U.S. Small Business Administration, established in 1953, provides financial, technical and management assistance to help Americans start, run, and grow their businesses. With a portfolio of business loans, loan guarantees and disaster loans worth more than $45 billion, in addition to a venture capital portfolio of $13 billion, SBA is the nation's largest single financial backer of small businesses.
"Counselors to America's Small Business" is America's premier source of free and confidential small business advice for entrepreneurs.
Indiana
Indiana Small Business Development Center
The Indiana Small Business Development Center is a state based organization offering a wealth of free and low cost information, management counseling, and educational services designed to support Indiana small business owners and potential entrepreneurs. Our mission is to help Indiana business grow and create new jobs within the state.
Business Ownership Initiative of Indiana (BOI)
The mission of Business Ownership Initiative of Indiana (BOI) and its Central Indiana Women’s Business Center program is to help men and women start or grow their own businesses by providing knowledge, skills and access to financial resources. Central Indiana Women’s Business Center program is widely recognized by small businesses and entrepreneurs throughout the 9 county Central Indiana Region. The Central Indiana Women's Business Center program is funded in part through a Cooperative Agreement with the Small Business Adminstration www.sba.gov This is not an endorsement of any products, opinions or services. All SBA funded programs are extended to the public on a nondiscriminatory basis.
Indiana Small Business Resource Guide
Need an overview of starting a business? Would like to know more about SBA business financing programs? Looking for help with basic financial statements? Read through the Indiana Small Business Resource Guide to answer these questions and more.
