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Business Loans and
the CDC
About the CDC
The Community
Development Corporation of Northeast Indiana (CDC) is a city-sponsored,
501 c (3) not-for-profit business development organization. Its primary
objective is to promote the growth and development of small commercial and
industrial businesses in the Fort Wayne area and a nine-county area in
northeast Indiana through creative business
loan programs. Since 1978, the CDC has helped over 350 Allen County
businesses create over 2,100 jobs. The CDC has now expanded the 504
Loan Program to the following nine counties: Adams, Allen,
DeKalb, Huntington, Lagrange, Noble, Steuben, Wells and Whitley.
The CDC also recently received a grant from the United States
Department of Agriculture to provide loans through the Rural
Development Revolving Loan Program to businesses in Northeast
Indiana.
Who qualifies for
CDC loans?
Both new and existing
small- and medium-sized companies that are experiencing growth - but are
unable to obtain conventional financing may be able to receive a CDC
loan. Loans from the CDC can be combined with a loan from a
bank. Or, in some cases, loans can be made directly to the
business without a matching loan from a bank.
How
the Loans Work
CDC loans can be used to
finance |
Sample of CDC
Approved Projects - 2003 |
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land
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building
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new construction
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renovations
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equipment and/or
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working capital
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Most of the programs we
operate offer a fixed interest rate for the term of the loan. CDC
funds cannot be used to refinance debt. Loans have an application
fee. CDC loans are generally secured by fixed business assets such
as real estate, equipment, inventory, and accounts receivable. All
loans require the personal guarantee of the owners. The CDC does not
finance investment real estate such as apartments or shopping centers.
To see the CDC
Projects Approved for 2003 (pdf version), click on any of the above
photos. You will need Acrobat Reader to view it. To download a
free version of Acrobat Reader, click  .
CONTACT
US
Community
Development Corporation of Northeast Indiana
City-County Building
One Main Street, Room 840
Fort Wayne IN 46802
(260) 427-1127
last updated:
12/02/2004
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