GREENWOOD, Ind. — Chamber of commerce organizations in Greenwood and Indianapolis are teaming up to make capital dollars easier to procure for small businesses. The collaboration will offer microlending and counseling to existing businesses owners and entrepreneurs.
Greater Greenwood Chamber Chief Executive Officer Christian Maslowski says, the partnership is key to its goal to “create jobs here, to retain the talent we have and to grow new enterprises right here at home.” Greenwood Mayor Mark Myers understands finances are difficult for business ventures and hopes the program will enable small businesses to grow and thrive.
The partnership will make the Indianapolis Chamber of Commerce microlending program available so that it can offer loans of up to $50,000. The program has the ability to serve businesses that may not meet traditional lending standards.
Microlending is part of the Accelerate Indy economic development strategy of helping the counties on the border of Marion County compete with metropolitan areas throughout the country.