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 $65,000 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. COR CDC 200 E. Berry St. Suite 320. Fort Wayne, Indiana 260-427-2109 cdcnein.org WAYNE OF FORT CONTACT US TODAY Community Development Corporation of Northeast Indiana Darren Renier PORATION AMUNIT 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 $65,000 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. COR CDC 200 E. Berry St. Suite 320. Fort Wayne, Indiana 260-427-2109 cdcnein.org WAYNE OF FORT CONTACT US TODAY Community Development Corporation of Northeast Indiana Darren Renier PORATION AMUNIT