King Park Development Corporation has created a Community Development Loan Fund to provide access to capital for businesses seeking to locate to the area or for existing businesses looking to grow. The Build Fund will be managed by Evan Tester, King Park’s Deputy Director, who believes the Build Fund will act as a catalyst driving economic development in the King Park area to enhance the thriving housing market. The Build Fund already has a pipeline of interested businesses and plans to begin lending in early summer with 3 to 4 loans closed in 2015. Interested parties can review the application on the new Build Fund website:
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While many traditional lenders have tightened lending standards and restricted credit access, mission-driven lenders like King Park have continued to expand access to safe and affordable credit.
While many traditional lenders have tightened lending standards and restricted credit access, we’re proud, as mission-driven lenders, to expand access to safe and affordable credit for inclusive and diverse housing opportunities through the Edge Fund.
The Edge Fund, owned and operated by King Park, is focused on offering flexible financial products that will create diverse and inclusive affordable housing opportunities across the housing spectrum in Indianapolis.