Small Business Microloans (Brightpoint Development Fund)

Small Business Microloans (Brightpoint Development Fund) is sponsored by Brightpoint Development Fund. These microloans are designed for start-ups and early-stage businesses, helping entrepreneurs transition from a hobby or part-time venture to a full-time business. They offer affordable loans and business development services.

Small Business Lending & Assistance - Brightpoint 227 E. Washington Blvd.

Fort Wayne, Indiana 46802 | Serving Northeast Indiana since 1965 View All of Our Locations Community Development & Lending Small Business Lending & Assistance Helping Small Businesses Succeed with Affordable Financing The Brightpoint Development Fund provides affordable loans and business development services for small business owners looking to grow and entrepreneurs just starting out.

Founded in 2011, we are a nonprofit lender serving northeast Indiana.

As a: U.S. Small Business Administration (SBA) Micro Lender U.S. Department of the Treasury Community Development Financial Institution (CDFI) We provide alternative financing for those who may not qualify for traditional bank loans due to: Business structure or industry type Need for smaller loan amounts Beyond financing, we offer business development services to support: Business plan writing & registration Bookkeeping & financial management Other essential business activities Personalized learning – We identify key areas where you need support Expert training – Learn from local business experts Flexible learning options – Choose from: Group workshops led by industry professionals One-on-one coaching with Brightpoint Development Fund staff Our goal is simple: to equip you with the knowledge and skills to grow and sustain your business.

At Brightpoint Development Fund, we go beyond just financing—we invest in your success. Every borrower participates in our technical assistance program, designed to build essential business skills based on individual needs.

Brightpoint Development Fund offers two small business loan products: Small Business Microloans Designed for start-ups and early-stage businesses , microloans help entrepreneurs move from a hobby or part-time venture to a full-time business .

Loan Amount: $5,000 to $50,000 Loan Length: 36 – 60 Months Loan Interest: 8-10% (subject to change) For new or growing businesses , these loans provide capital to expand operations, scale, or reach new milestones . Loan Amount: $50,001 to $200,000 Loan Interest: Prime + 1-3% (subject to change) Application and Loan Fees Application fee is $75. 00 Origination fees range from 1-3% of the loan A U.S. citizen or lawful resident.

Lawful residents include individuals with Permanent or Conditional Resident status (Green Card), Authorizations to Stay, Asylum, or Visas, as defined by the U.S. Department of Homeland Security Own or plan to start a for-profit business or a nonprofit child care business in Brightpoint's service area (Adams, Allen, DeKalb, Elkhart, Fulton, Grant, Huntington, Kosciusko, LaGrange, Marshall, Miami, Noble, St.

Joseph, Steuben, Wabash, Wells, and Whitley County) Registered with the Indiana Secretary of State Hold an EIN (Employer Identification Number) from the IRS Obtain any required licenses or certifications for the business No bankruptcy filed in the past 24 months Current on child support obligations In good standing with all State and Federal agencies No convictions for financial crimes such as fraud, theft, embezzlement, bribery, or forgery No ongoing criminal or civil cases related to fraud or financial misconduct Not currently on probation, parole, or serving a court-ordered sentence Apply for a Small Business Loan Ready to apply?

Follow these steps to navigate the loan application process smoothly. Step One: Prepare for the Process Review the Small Business Lending Process – Get an overview of what to expect. Step Two: Gather Your Documents Use the Checklist – This checklist outlines all the information and documents required for your application.

Pro Tip: Print a copy to keep track of your progress. Step Three: Start Your Online Application Complete the Eligibility Questionnaire – Answer a few questions to determine if you qualify. If eligible, you’ll be directed to the full application portal.

Please Note: This questionnaire is just an outline of Brightpoint Development Fund’s eligibility criteria and other requirements. It has been generalized and does not necessarily detail all criteria and requirements. Brightpoint reserves the right to deny a loan application for any reason legally allowed and to change any criteria and requirements at any time.

The common Brightpoint borrower is someone who has trouble accessing traditional financing because of past credit issues, limited collateral, not enough business history, limited owners’ equity in a project, or various other reasons. While a borrower may be lacking in some of these areas, Brightpoint will examine a borrower’s character, industry experience, and business plan when looking at a loan application.

Indiana Small Business Development Center Northeast Indiana Innovation Center Fort Wayne Community Development Corporation Fort Wayne Urban Enterprise Association Call (260) 399-4108 or fill out the contact form and someone will get back to you within two business days.

Janae’s Leap Into Entrepreneurship “I’m a very young entrepreneur… To get approved and for (Brightpoint) to believe in my dreams, really helped inspire me to believe in my own dreams. ” When Families Have Stability, Communities Rise “If the circle you grew up in isn’t supporting you, find a different circle. There are people that will love you and support you.

” Building a Brighter Future Brandon Johnson, a lifelong Fort Wayne resident and passionate entrepreneur, is turning his vision for affordable housing into reality—starting right in his own neighborhood. After launching his construction business called… Brightpoint —Support and Resources for All Every journey is unique and valued.

Benefits to Financial Institutions We offer financial institutions a place to send business owners turned down for a loan while keeping them as customers. Brightpoint will also send the financial institution a report about the technical assistance provided, and capital lent to their customers. To find out more, contact us .

Title VI and Section 504 Notice of Protections Against Discrimination In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating based on race, color, national origin, sex, age, or disability.

You can file a complaint of discrimination with the Department, by mail to U.S. Department of the Treasury, Office of Civil Rights and Equal Employment Opportunity, 1500 Pennsylvania Ave. N. W.

, Washington, D. C. 20220 or by email to crcomplaints@treasury.

gov.