Business Expansion and Entrepreneurial Development


Business Expansion and Entrepreneurship Development Program

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 55 of Indiana's 92 counties.


Reporting Documents (updated July 2013)

Please submit all BEED Reporting Documents to Joe Palus and Carrie Henderson.

Loan Documents

Helpful Tools

Request for Proposals

Success Stories and Additional Information

Does your organization have any BEED success stories to share? If so, please pass them along to IHCDA using this form.

For additional information on BEED, please contact Joe Palus, Director of Research and Innovation at (317) 233-1813 or Carrie Henderson, The Redleaf Group at (317) 250-8557.

Additional Resources for Small Businesses


Formstack helps you create powerful online forms within minutes, allowing you to collect information, payments, registrations, etc., in one centralized location. All form submissions are stored in our secure database, ready for you to retrieve and create reports in a snap.

Projection Hub

A software projection tool which allows borrowers to create their financial projections. Please email Carrie Henderson for the coupon code.

Indiana USDA

USDA Rural Development is making record investments in Indiana that strengthen the rural economy, strengthen rural communities, and maximize opportunity for folks who call rural America home.

Rural Business and Enterprise Grant Program (RBEG)

The RBEG program provides grants for rural projects that finance and facilitate development of small and emerging rural businesses help fund distance learning networks, and help fund employment related adult education programs.

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 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 Administration 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.