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Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
LOAN APPROVALS SBA loans SBA loan guarantees for the month of October. These businesses have received loans from financial institutions with a guarantee from the SBA. Not all funds are disbursed immediately. Furthermore, some approved loans are subsequently canceled. 2 Indy Monkeys LLC, 5661 E. 86th St., Indianapolis, $300,000 from National City Bank. Ambrose Property […]
CORRECTION The name of Sisters of St. Francis Health Services Inc. was incorrect in a page 1 story last week. Also, one of the two hospitals operated by Cardinal Health System is in Hartford City in Blackford County. The location of the hospital was unclear in the same story.
Little Rox offers 20 varieties of rocks, each tied to a character trait such as humility, honesty and tolerance, and sell
online for $15 each.
BANKRUPTCIES Indiana Pipework Inc., 7845 S. Indianapolis Road, Zionsville, 46077. Chapter 11 reorganization. Assets: $1,291,486; liabilities: $2,390,610. New Wave Communications Inc., 231 Commerce Park Drive, Franklin, 46131. Chapter 11 reorganization. Assets: n/a; liabilities: n/a. Founder’s Plaza LLC, 3333 Founder’s Road, 46268. Chapter 11 reorganization. Assets: n/a; liabilities: n/a. Carter Enterprises Inc., P.O. Box 583, Arcadia, […]
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup
spent to build its extravagant branch on 96th Street.
Thanks to a $25,000 contribution from Beck’s Hybrids, Habitat for Humanity of Hamilton County was able to purchase land and
build its 50th home this year.
The Center on Philanthropy at Indiana University found in a recent study of more than 4,840 charitable gifts worth $1 million
or more that self-made wealthy people gave the most —
often to nonprofits that rarely receive such large gifts.
Charlie & Barney’s is quietly expanding into unorthodox niches, placing its product in unusual places — like convenience
stores.
While America’s auto industry is being transformed to become efficient and environmentally conscious, put laid off auto employees
to work educating students.
The movie, “The Visitor,” is a good reminder to be open to change because it can instill hope for the future.
After a 25-year real estate career, Claudia Lynch opened a modeling/acting school after she couldn’t find a quality school
where her own grandchildren could have fun, learn poise and gain confidence.
HH Gregg has grown from a local to a national consumer electronic store chain and has its eye on expanding further, given
Circuit City’s bankruptcy filing.
In the Indianapolis area, small-business owners told IBJ that they give in whatever
way they can, and would like to continue as long as their finances allow. But a Chronicle
of Philanthropy survey indicates that giving is already on the decline.
Robert P. Stiller, a lifelong entrepreneur who built Green Mountain into a wholesale coffee giant with 7,000 customers and
$500 million in revenue, owns 3.4 million shares, or 17 percent of the Noble Roman’s company.
If you’ve ever cooked a hamburger over a grill at Shakamak State Park, sat in a hospital waiting room chair, or sipped from a water fountain, you may have used products made by Indiana convicts. Although offender work programs have been around since the 1920s, most Hoosiers know little about the Indiana Department of Correction’s prison-based industries, which generate $40 million a year in revenue.
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
Work is to begin this month on a 1.2-mile segment of the Pennsy Trail between Arlington Avenue and Shortridge Road.
Holidays are great fun, but Thanksgiving brings the most memories.
Chip Ganassi’s NASCAR team is teaming with Dale Earnhardt Inc. where Max Siegel has served as president of global operations
since early 2007, and the former Baker & Daniels attorney may be among many laid off in the merger.
