Small Business Loan Eligibility and Application Information

Applicant Eligibility

  • Be at least 18 years old
  • Be a US citizen or lawful permanent resident
  • Own or intend to establish a for-profit business or non-profit childcare in Northeast Indiana
  • Have not filed bankruptcy in the previous 24 months

A loan approval is based on your business plan, current ability to repay the loan, credit history, collateral, and the history of the business if already in operation.

Our Small Business Loan Products

Small Business Microloans

Microloans may be used for the purchase of furniture, fixtures, supplies, materials, equipment, start-up expenses and/or for working capital.*

Small Business Microloan Terms

Loan Amount Range: $5,000 – $50,000

Term: maximum 60 months

Interest: up to 12% fixed

Collateral Value Requirement: 30% of loan request

*These are loan guidelines. If you do not feel you meet all of the requirements, our BDF staff will work with you on the stated requirements and next steps.

How to Apply

Please send an email to with “BDF Small Business Loan” in the subject line. Include business owner name(s), business name, amount requested, email address, and telephone number. If you experience any problems, reach out to our office at (260) 399-4108 or

Loan Application Fee

The application fee is $75.00. Ensure to provide your full name in the “note” section in the payment portal, so we can apply the credit to your loan file correctly. For instructions on how to pay the fee, see the “Application Fee” checklist item in the application portal.