Small Business Loan Eligibility and Application Information

Applicant Eligibility

  1. Be at least 18 years old
  2. Be a US citizen or lawful resident (Individuals are considered lawful residents can have any of the legal statuses defined by the US Department of Homeland Security such as Permanent or Conditional Resident (aka Green Gard), Auorizations to Stay, Asylum, Visas)
  3. Own or intend to establish a for-profit business or non-profit childcare in Brightpoint’s services area
  4. Have not filed bankruptcy in the previous 12 months
  5. Be current on any child support obligations
  6. Considered in good standing with all State and Federal agencies
  7. Not be convicted of crimes such as fraud, theft, embezzlement, bribery, forgery, and other similar financial or fraud crimes
  8. Have no criminal or civil cases currently before a court
  9. Not currently on probation or parole, or serving a court order sentence

Business Eligibility

A business is not eligible for our loan program if they are any of the following:

  1. Private club or business that limits membership
  2. Government-owned entity
  3. Business principally engaged in the promotion, teaching, or indoctrination of any religion or specific set of beliefs
  4. Business that is principally adult or sexual in nature
  5. Lobbying or Political organizations
  6. Liquor or alcohol stores
  7. T0bacco or related stores
  8. Sole Proprietor
  9. Non-profits other than Childcare/daycare

Businesses must also:

  • Have an EIN from the IRS
  • Be registered with the Indiana Secretary of State
  • Hold any required licenses or certifications

Application and Loan Fees

  • Application fee is $75.00
  • Origination fees range from 1-3% of the loan

How to Apply

Our application process is entirely online. The first part guides you through questions to help determine general eligibility. If you are generally eligible, you can be taken to our application portal. To start the process, click on the StartSmall Business Application button on the right.

Note: This page is just an outline of Brightpoint Development Fund’s eligibility criteria and other requirements. It has been generalized and does not detail all criteria and requirements. Brightpoint reserves the right to deny a loan application for any reason legally allowed and to change any criteria and requirements at any time.