Articles

Local SBA lending dropped 17 percent in 2009

Local loans issued through the Small Business Administration’s popular 7(a) guarantee program plunged by an astonishing 64
percent for three of the city’s four largest banks during 2009, while overall lending in the program slipped 17 percent in
the metro area.

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City program benefits veteran-owned businesses

The city’s Veteran Business Enterprise program aims to increase the representation of veteran-owned businesses on city projects—an
effort that has generated $217,000 in contracts for such firms so far.

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Orr Entrepreneurial Fellowship program expands

Due to high demand, the Orr fellowship will place 20 fellows starting with its 2010 class. It anticipates
placing 40 fellows in 2011 and 80 in 2012. The program is designed to match top graduates of Indiana colleges with entrepreneurial
companies.

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