Small Business Grants 2024 Indiana

Small Business Grants 2024 Indiana. Small business administration (sba) approved 1335 loans in the 7(a) and 504 programs for indiana’s small businesses. Although the federal government does not publically provide grants for starting and expanding a business, in indiana, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government.

Created to help struggling indiana small businesses, the grant program began with an initial $34.5 million and received an additional $60 million in cares act dollars. Additionally, banks issued loans totaling $1.9 billion in 2020 to indiana businesses with $1 million or less in revenue.