Not-for-profit hoping to grow microloan program
Small amounts of funding often ignored by larger banks.
Small Biz Funding
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Power-grid software maker lands $7M in venture capital
Indianapolis-based Blue Pillar Inc., which makes software to manage electrical grids, has closed on $7 million in funding from four venture capital firms, it said Monday.
BioCrossroads launches second seed fund
BioCrossroads Inc. has raised an $8.25 million seed fund in its second attempt to help startup life sciences companies grow to the point where they can attract venture capital or a corporate funder.
HUNCKLER: Old-style bootstrapping is alive and well in tech
Indianapolis-area entrepreneurs are finding ways to fund their companies.
Entrepreneurs see early success with new liqueur
Blue MF is a vodka-and-rum-based liqueur concocted by three Indiana University fraternity brothers turned entrepreneurs. Their firm, Indianapolis-based More Fun Liqueur, launched its signature drink in October and now is seeking investors to help fund expansion.
SBA lenders optimistic about year’s loan output
Volume nevertheless is expected to fall short of last year’s record numbers
WOJTOWICZ: Temporary program helps refinance commercial mortgages
A recent study from Credit Suisse found that over $15 billion of small commercial mortgages (under $5 million) are coming due in the next few years.
DeveloperTown sees sale of first company it helped fund, coach
Daily Lunch Deal sold last month after just a year in business, marking a milestone for its venture-firm mentor.
WOJTOWICZ: Do homework before meeting business lender
Prepare to talk in detail about your business, the plans you are making and the reasons for expanding before you show the banker the facts and figures.
WOJTOWICZ: Character always counts—even in loan decisions
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.
Early buyer of Web domains venturing into software
Chad Folkening’s latest venture, domain-management software called Domain Power, turns blank sites into a miniature business in a few minutes.
Global micro lender Grameen ramps up in Indianapolis
Low-income women could receive loans in weeks.
Tech startup Tinderbox picks up more funding, industry veteran
A former executive vice president at Indianapolis-based e-mail marketing firm Exact Target will lead the firm’s effort to sell to bigger companies.
Small Business Administration announces top state lender
The Indiana Statewide Certified Development Corp. has been recognized as the most robust lender through the SBA’s 504 loan program.
WOJTOWICZ: Missed tax payments could affect business loans
Property tax billing and collection were at their most confusing during the recession, when businesses were experiencing lost revenue, poor projections and, in general, toughing it out as best they could.
Ingredients in place for plethora of Hoosier IPOs
Some Indiana firms are adding management and board firepower—moves likely to help them win over investors should they move ahead with public offerings.
SHEPHERD: Credit cards hurting too many businesses
Expensive personal credit undermines credit scores and ultimately the odds of more traditional lending.
Credit unions gun for more traditional bank business
A push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
Kitchen incubator celebrates graduation of first user
Avec Moi, a company that prepares meals to go, is moving to a permanent home at 701 E. 62nd St. In recognition of the event, the city of Indianapolis awarded Indy’s Kitchen a $17,000 grant.
Indianapolis angel investors land at Flagship Enterprise Center in Anderson
Capital from members of StepStone Angels could fund business incubator’s tenants.