Tuesday, April 6, 2010

Small Business Loans on The Rise

The Indiana Statewide Certified Development Corp. (ISCDC) is reporting an increase in the amount of small business loans made during the first half of the 2010 fiscal year. Officials say they have approved more than $16 million for 22 projects, which is more than double the figures from the previous year.
In good news for the Indiana economy, the first half of fiscal 2010 saw a robust rebound in small business loans made by the Indiana Statewide Certified Development Corporation compared with the same period last year.

The Statewide CDC approved over $16 million in loans for 22 projects, more than double last year’s figures, and the third highest dollar amount in its 27-year history. The loans were made between September 1, 2009 and March 31, 2010.

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