INDIANAPOLIS, IN—Build Fund, a certified Community Development Financial Institution (CDFI) and an initiative of Intend Indiana, is proud to announce its participation as a lender in The Legend Fund. This loan participation program is a cornerstone of Indiana’s State Small Business Credit Initiative (SSBCI), designed to expand access to capital for Hoosier entrepreneurs and small business owners.
As a Legend Fund lender, Build Fund provides flexible and affordable debt capital to small businesses across Indiana, expanding access to the resources needed to start, grow, and scale. In addition, Build Fund offers pre- and post-technical assistance, which helps businesses understand how to manage the capital provided while in the portfolio and long after. Through its partnership with the Indiana Economic Development Corporation (IEDC), a portion of this capital can be redeployed, enabling Build Fund to reach more businesses statewide and increase the number of small businesses that can access responsible, growth-oriented financing.
“Access to capital is essential for any business to grow, yet too many underserved small businesses have been left without the resources they need,” said Intend Indiana President Stephanie Quick. “Our participation in the Legend Fund expands our ability to provide access to flexible, responsible capital that helps small businesses grow, create jobs, and strengthen communities across Indiana.”
“Small businesses are the backbone of a strong economy and strong communities,” said IEDC Senior Vice President of Entrepreneurship and Small Business David Watkins. “In Indiana, Gov. Braun and his administration want to ensure all business owners have access to the resources they need to flourish. Partnerships with local nonprofits like Intend Indiana are essential in achieving that goal, and I look forward to seeing the development they help promote.
Intend partners with community-based organizations, nonprofits, foundations, banks, and state and local governments to leverage resources and deliver impactful programs designed to meet the needs of the community. For more information about Intend Indiana and its initiatives, visit intendindiana.org. To learn more about applying for a loan through Build Fund via the Legend Fund, visit buildfund.org or iedc.in.gov/ssbci.
Media Contact:
Kierra Santillan, Account Executive
Herd Strategies
kierra@herdstrategies.com
About Build Fund
Operated by Intend Indiana, Build Fund is a mission-driven CDFI dedicated to helping businesses grow and create jobs across Indiana. Since its inception, Build Fund has supported small businesses with flexible financing solutions, focusing on those that have faced barriers to traditional capital.
About the IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow, and locate in Indiana. Led by Secretary of Commerce David Adams and governed by a board chaired by Governor Mike Braun, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts.