U.S. Small Business Administration
Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. The SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.
Southwest Indiana SBDC
The Southwest Indiana SBDC (Small Business Development Center) offers NO COST business advising, training, referrals, and a library of cultivated tools and resources to help businesses succeed, from startup through sale or retirement. The Southwest Indiana SBDC office serves an eight-county region, and business advisor Mike Harmon is committed to serving clients in Perry County. Mike holds office hours every Monday in Tell City and is available for one-on-one advising appointments.
In addition to providing FREE business advising and counseling services, the Southwest Indiana SBDC hosts numerous training seminars, also at no cost. They run a monthly Launching Your Own Business class as well as seminars covering topics such as accessing capital, financial management, marketing, and operations.
SCORE
The Evansville Chapter of SCORE offers free, confidential, unlimited counseling to entrepreneurs and small businesses – both existing and startups. Our mentors are working and retired volunteers with executive expertise in various disciplines ― academia, accounting & finance, marketing, advertising, banking, business planning, engineering, general management, human resources, law, inter-national sales, retail, and strategic planning. The Perry County Chamber of Commerce serves as the Administrative Branch of the Evansville SCORE. The Perry County branch office is located at 601 Main Street, Suite A, Tell City, Indiana 47586.
Loan Information
City of Cannelton Economic Development Committee (EDC) Program
Eligibility
Business enterprises located within the city limits of Cannelton.
Process
Application along with detailed business plan and credit report to be submitted for review by EDC, followed by City Common Council. If approved, City of Cannelton will set the loan interest, rate, term, and fee structure.
Use of Proceeds
Improvements to the interior/exterior of property; purchase equipment or fixtures; working capital.
Loan Amount
Maximum available $30,000.00
1% over prime, fixed rate, 3-10 year term.
Contact
Arvina Bozarth
(812) 547-8994
abcclerk@live.com
City of Tell City Revolving Loan Fund Program (RLF)
Eligibility
The loan program is open to businesses located in Perry County.
Process
Applications available at the Mayor’s office, 700 Main Street, Tell City. A business plan and financial statements are required as part of the application. Additional documents may be requested. Applicants must first seek conventional financing. There is a $500 application fee if the RLF is approved. RLF Board sets the terms of the loan.
Use of Proceeds
Loans are available for business start-up, expansion or retention. There is a focus on job creation/retention.
Loan Amount
Typical loans range from $5,000 to $150,000 (subject to fund availability).
Contact
Janice Hackbarth
(812) 547-5511
admin@tellcityindiana.com
Helpful Loan Tips
This link contains the following information:
- Where to look for business loans
- Where to find business loans for minority-owned businesses
- Steps to getting a business loan
- Finding help for your business loan
- A “getting started” checklist
