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Find similar grantsReal Estate Assistance Fund for Black-Owned Businesses is sponsored by Build Fund (in partnership with Cummins and LISC Indianapolis). This fund provides grants to Black-owned businesses in Indianapolis for purchasing commercial property or making capital improvements. The grant can be applied towards the down payment and/or closing costs.
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Real Estate Assistance Fund for Black-Owned Businesses - Build Fund 1704 Bellefontaine St.
, Indianapolis, IN 46202 Real Estate Assistance Fund for Black-Owned Businesses With financial support from Cummins, through their Cummins Advocating for Racial Equity (CARE) initiative, and the Local Initiatives Support Corporation (LISC) Indianapolis has established a real estate assistance fund to provide up to $20,000 grants for Black businesses in Indianapolis that are seeking to purchase commercial property or retain their commercial property through capital improvements.
This grant can be applied toward the down payment and/or closing This opportunity is available for eligible businesses approved for a real estate loan from one of the Indianapolis Small Business CDFI Collaboration partners: BuildFund, Business Ownership Initiative, Bankable or LISC. Only businesses that are approved a loan from a CDFI partner will be able to access this grant fund.
Now Accepting Applications To be considered for the real estate assistance grant, your business must be: Seeking a Loan from a CDFI Collaborative partner (Bankable, BOI, BuildFund, or LISC) for: Purchasing commercial property ranging in price from $100,000 – $1,5000,000; or Capital improvement (at least $100,000) to existing commercial real estate owned by a Black business.
These requests will be evaluated on a case-by-case basis to ensure alignment with the goal of this fund Your business must prove eligibility of the following: Black-owned business located in Indianapolis/Marion County Business Annual Gross Revenue of $2,500,000 or less Business operating at least two years (exceptions case by case) The following businesses will be prioritized for receiving the real estate assistance grant if: Business received a Cummins-funded Small Business Relief Grant or Loan for Black-owned Businesses in 2021 (through LISC Indianapolis or Indy Black Chamber of Commerce); or Business and/or commercial properties located in the following zip codes: 46224, 46222, 46208, 46226, 46235, 46229, 46219, 46218, 46201, 46225, 46221, 46241, 46227, 46203, 46204, 46205, 46107 Businesses that are approved the loan and receive the grant assistance will also receive a one-year free membership (up to $200) at Indy Black Chamber of Commerce.
According to the current listing, eligibility includes: Black-owned businesses located in Indianapolis/Marion County, with annual gross revenue of $2,500,000 or less, and operating for at least two years. Confirm the full requirements in the official notice before applying.
The current listing shows up to $20,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Real Estate Assistance Fund for Black-Owned Businesses is funded by Build Fund (in partnership with Cummins and LISC Indianapolis). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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