5 Indiana Small Business Grants

Indiana Small Business Grants

Small businesses in Indiana significantly contribute to the state’s economy. Multiple communities own Indiana’s Small Business industry.

Money plays a vital role in running a successful business.

The money cycle has stopped due to lockdowns, irregularities in import and export, destroyed payroll, and many other reasons. Money can resolve all these issues.

Indiana Small Business Grants are offered by the federal department and private entities to boost the state’s economy.

Small business owners are unaware of the funding opportunities and resources available to them. For that reason, they have to shut down their business.

However, with proper information about the resources and free federal grants, they can get the required push to start a business again. Let’s find out what opportunities are available for them!

5 Best Sources to Get Indiana Small Business Grants

1. Small Business Administration

SmThe Small Business Administration (SBA) offers various programs specifically designed to support small businesses in America. The organization provides a range of programs and funding opportunities to every community doing or running small businesses nationwide.

Small enterprises in Indiana should also apply for the grant through SBA’s official website.

SBA has listed plenty of opportunities for small businesses. The website provides information about how to find the grant, a list of the required documents, instructions on how to apply for the grant or loan, and proper links to its resources.

Explore more of this platform to learn more about relief packages and loans.

2. Economic Injury Disaster Loan

The Economic Injury Disaster Loan is a part of the Small Business Administration. The application deadline for the Economic Injury Disaster Loan (EIDL) program has passed, but updates and future opportunities should be checked on the SBA’s official website.

This program is available for all, including small enterprises in Indiana. Please learn more about this program, its application process, and the required documents from the official portal.

3. LISC Small Business Relief Grants

LISC provides a range of services to small businesses and offers funding opportunities to small enterprises seeking financial aid.

Small business owners in Indiana should collect information about the relief grant from their official website.

The organization aims to support collapsing small businesses experiencing a lack of money. It provides the required financial support to give these businesses a much-needed boost.

This way, many small businesses can survive and stand back on their feet. For more information about the LISC Relief Funds and Program, visit their official website now!

4. Rapid Response Loans

The platform helps small enterprises offer loans up to $10,000.

Indiana’s small enterprises that have experienced a business downturn should apply for Rapid Response Loans for emergency financial assistance of up to $25,000.

The loan opportunity is based on the business size and the overall turnover. The gross income receipts must be attached along with the application letter. Everything you need to know about the Rapid Response Loans is on their portal.

The Bottom Line:

There are numerous resources available for Indiana’s small businesses. Financial aid helps small enterprises recover and boosts the economy. Explore the above resources and find a suitable source to fund your business now!

Grants for Medical