Small BusinessResources

Southwest ISBDC

The Southwest ISBDC (Indiana Small Business Development Center), one of ten centers in Indiana, serves an eight county region providing FREE one-on-one business counseling to clients in every stage of maturity. While the Southwest ISBDC office is located in downtown Evansville, the center has a business adviser, Doug Claybourn, dedicated to serving clients in Perry County. Doug regularly travels to the area to meet with clients at their place of business. Make an Appointment with Doug

In addition to providing FREE business advising and counseling services, the Southwest ISBDC hosts numerous training seminars at little or no cost. Seminar topics explore significant issues important to small businesses including accessing capital, financial management and operations. Calendar of Upcoming Trainings

SCORE

The Evansville Chapter of SCORE offers free, confidential, unlimited counseling to entrepreneurs and small businesses – both existing and startups. Our mentors are working and retired volunteers with executive expertise in various disciplines ― academia, accounting & finance, marketing, advertising, banking, business planning, engineering, general management, human resources, law, inter-national sales, retail, and strategic planning.  The Perry County Chamber of Commerce serves as the Administrative Branch of the Evansville SCORE. The Perry County branch office is located at 601 Main Street, Suite A, Tell City, Indiana 47586.

Loan Information

City of Cannelton Economic Development Committee (EDC) Program

Eligibility
Business enterprises located within the city limits of Cannelton.

Process
Application along with detailed business plan and credit report to be submitted for review by EDC, followed by City Common Council. If approved, City of Cannelton will set the loan interest, rate, term, and fee structure.

Use of Proceeds
Improvements to the interior/exterior of property; purchase equipment or fixtures; working capital.

Loan Amount
Maximum available $30,000.00
1% over prime, fixed rate, 3-10 year term.

Contact
Arvina Bozarth
(812) 547-8994
abcclerk@live.com

City of Tell City Revolving Loan Fund Program (RLF)

Eligibility
The loan program is open to businesses located in Perry County.

Process
Applications available at the Mayor’s office, 700 Main Street, Tell City. A business plan and financial statements are required as part of the application. Additional documents may be requested. Applicants must first seek conventional financing. There is a $500 application fee if the RLF is approved. RLF Board sets the terms of the loan.

Use of Proceeds
Loans are available for business start-up, expansion or retention. There is a focus on job creation/retention.

Loan Amount
Typical loans range from $5,000 to $150,000 (subject to fund availability).

Contact
Janice Hackbarth
(812) 547-5511
admin@tellcityindiana.com

Helpful Loan Tips

This link contains the following information:

  • Where to look for business loans
  • Where to find business loans for minority-owned businesses
  • Steps to getting a business loan
  • Finding help for your business loan
  • A “getting started” checklist