Indiana Statewide Certified Development Corporation provided more than $31 million to Hoosier small businesses in 2016 through the U.S. Small Business Administration 504 loan program.
Guy Johnson, with Indiana Statewide CDC, says that by working with its local lending partners, his group has approved loans to 44 small businesses in 17 Indiana counties, creating or saving 480 jobs. He explains that these figures are for fiscal 2016, ending September 30. Johnson says that companies receiving loans are engaged in software development, construction, manufacturing, home security, medical services, brewing, hospitality and a variety of other industries.
Locally, Johnson says the financing provided by Indiana Statewide CDC in 2016 to Columbus companies includes: The Eye Place and Columbus Massage Center and Salon, which was working with German American Bank. In addition, he adds that and Indiana Podiatry Group also received financing, with help from Jackson County Bank.
Johnson says that Indiana Statewide CDC has provided more than $475 million to 1,157 Indiana companies since 1983, creating or saving 26,500 jobs.