FORTVILLE — Fortville entrepreneurs unable to pursue financing options through a traditional bank are now eligible to apply for a loan of up to $250,000 through a new program designed to encourage small business growth. The Fortville Entrepreneurship Initiative, announced Wednesday at the Taxman Brewing Co., consists of numerous local organizations that will offer educational programs and help applying for loans for small business owners in the community, said Lacey Willard, co-founder of the organization.

The Fortville Entrepreneurship Initiative provides new businesses with professional financial guidance and an opportunity for camaraderie among fellow business owners, Willard said. The initiative also will provide small loans to fresh entrepreneurs new to the Fortville community through Bankable, said Bankable Loan Officer Kyle Fawcett.

Bankable, a nonprofit organization with the Fortville Entrepreneurship Initiative, works with banking partners to provide small business loans to those who cannot pursue traditional financing options, Fawcett said. The loan format they use allows for a faster payoff and better credentials to apply for larger loans as the business grows, he said.

Existing small businesses and new start ups can apply for loans up to $50,000 to $250,000, depending on the type of application, Fawcett said. Interested participants can learn more about the types of loans, what they can be used for and the application process at a meeting at 6 p.m. Jan.

30 at Foxgardin Kitchen & Ale, 215 S. Main St., Fortville. The allowance will come coupled with advisory services on marketing and business plan development from the Indiana Small Business Development Center, Willard said. Read more from…

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