SSBCI Legend Fund — Indiana Small Business Loan Participation

The Legend Fund sits inside Indiana's State Small Business Credit Initiative portfolio under the Indiana Economic Development Corporation, and this record covers only the loan participation side of that work. It is paired in the broader SSBCI effort with a separate venture capital allocation delivered through Elevate Ventures, but this program itself is a lending channel for Indiana small businesses. The structure is federal money administered by the state and pushed through local lenders. The program can distribute up to $29 million to mission-driven lenders, including community development financial institutions, revolving loan funds, and specialty lenders headquartered in Indiana. Borrowers can seek loans from $5,000 to $1 million for startup costs, working capital, equipment, inventory, franchise fees, and facility improvements. The program runs until 2031 or until the money is exhausted, and at least 37 percent of the funding is reserved for traditionally underserved businesses. The best route is through a participating lender, not a direct application to the state. Companies with ordinary operating capital needs, especially borrowers that may be underserved by standard bank credit, are the natural fit. The program works best when the business size stays within the borrower profile in the source materials and the lender can place the debt quickly into an Indiana operating plan.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.