By: Ted Baker—
Muncie, IN—The Muncie Innovation Connector is pleased to announce the launch of the Delaware County Micro-Business Restart Loan Fund. Independently-owned for-profit businesses located in Delaware County, Indiana with a maximum of five full-time employees may be eligible for a loan up to $2,500 through the Delaware County Micro-Business Restart Loan Fund. This program is presented by the Muncie Innovation Connector and the East Central Indiana Small Business Development Center.
Businesses must have been actively in operation with sales in January 2020 to apply. Businesses that received funds from either the Paycheck Protection Plan (PPP), Emergency Injury Disaster Loan (EIDL), or other major relief funding are not eligible. No interest will be paid during the loan terms, however, an administrative fee of 2% of the loan amount is due at loan closing.
Find More Information and the Loan Application at: www.innovationconnector.com/MBRLF
The Delaware County Micro-Business Restart Loan Fund is made available by The Community Foundation of Muncie and Delaware County, Inc.
The Innovation Connector will be glad to answer your questions regarding this loan. Please contact our office at 765-285-4900 and ask about the Restart Loan Program.