Bankable launches Black-owned business loan fund – WISH-TV | Indianapolis News | Indiana Weather
by: Alex Brown, Inside INdiana Business
Posted: Sep 21, 2021 / 11:53 AM EST / Updated: Sep 21, 2021 / 12:09 PM EST
ANDERSON, Ind. (Inside INdiana Business) — Anderson-based Bankable has launched the Indiana Black-Owned Business Loan Fund. The nonprofit community development financial institution says the fund aims to narrow the ongoing wealth gap between white and Black families “by unleashing the wealth building power of entrepreneurship.”
Bankable says the fund will provide several benefits for Black-owned businesses, including making loans more accessible by providing fair financing and business development support; providing financial support to businesses impacted by the pandemic, particularly those that missed out on federal relief funding; and helping small businesses build a positive credit history, completing accurate financial reporting…
