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SSBCI Legend Fund — Indiana Small Business Loan Participation

SSBCI Legend Fund — Indiana Small Business Loan Participation

Invests in Indiana small businesses through loan participation pathways with mission-oriented lenders.

Between cyclesIndiana Economic Development Corporation (IEDC) & Elevate VenturesUnited StatesFocused on Indiana

The Legend Fund is a loan participation program established by the Indiana Economic Development Corporation (IEDC) under the federal State Small Business Credit Initiative (SSBCI), which is funded by the U.S. Treasury and state-administered by IEDC. The Legend Fund allocates up to $29 million to mission-driven local lenders — including Community Development Financial Institutions (CDFIs), revolvin

Loan participation of $5,000–$1,000,000 for Indiana small businesses seeking operating capital — including startup costs, working capital, equipment, and facility improvements — channeled through mission-driven CDFIs and revolving loan funds, with at least 37% reserved for underserved borrowers.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$29M

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Last verified: 24 Jul 2026Source: iedc.in.gov