Capital Access Program (CAP)
The Capital Access Program (CAP) by the Indiana Economic Development Corporation helps Indiana small businesses access loans for research, innovation, and growth by reducing lender risk through a reserve fund.
Funder: Indiana Economic Development Corporation
Due Dates: Rolling
Funding Amounts: No fixed maximum; loan size, terms, and conditions are set by participating lenders.
Summary: Provides Indiana small businesses with improved access to credit by encouraging lenders to make loans that might not meet conventional requirements.
Description
The Capital Access Program (CAP), administered by the Indiana Economic Development Corporation (IEDC), is designed to help Indiana's small businesses overcome barriers to obtaining credit. By encouraging participating lenders to make loans they might otherwise decline, CAP increases access to capital for businesses seeking to start, grow, or expand operations in Indiana. The program is part of the State Small Business Credit Initiative (SSBCI), leveraging both federal and state resources to foster economic development and job creation across the state.
