IMPROVEMENTS HAVE ARRIVED Industrial Development changes to Business Development loan program Available to most business sectors across Allen County (formerly limited to manufacturers and wholesalers) Loans may be used for land and building purchase, renovation and construction, equipment, inventory and some working capital CDC finances 45% of project, bank finances 45% of project and borrower injects 10% One job must be created for each $65000 of CDC loan amount. Maximum loan amount of $300,000 of which, up to $100,000 may be used for working capital and inventory purchase. CDC may lend up to $50.000 without a bank match. Proceeds may not be used to relocate a business from one labor area to another Interest rates fixed for the term of the loan, with no prepayment penalties. DOVLOPMN CDC 200 E. Berry St. Suite 320, Fort Wayne, Indiana 260-427-1125 cdcnein.org CONTACT US TODAY OF FORT WAYNE Community Development Corporation of Northeast Indiana Darren Renier PORATION CORPO IMPROVEMENTS HAVE ARRIVED Industrial Development changes to Business Development loan program Available to most business sectors across Allen County (formerly limited to manufacturers and wholesalers) Loans may be used for land and building purchase, renovation and construction, equipment, inventory and some working capital CDC finances 45% of project, bank finances 45% of project and borrower injects 10% One job must be created for each $65000 of CDC loan amount. Maximum loan amount of $300,000 of which, up to $100,000 may be used for working capital and inventory purchase. CDC may lend up to $50.000 without a bank match. Proceeds may not be used to relocate a business from one labor area to another Interest rates fixed for the term of the loan, with no prepayment penalties. DOVLOPMN CDC 200 E. Berry St. Suite 320, Fort Wayne, Indiana 260-427-1125 cdcnein.org CONTACT US TODAY OF FORT WAYNE Community Development Corporation of Northeast Indiana Darren Renier PORATION CORPO