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Microloan Application – 2025

"*" indicates required fields

Applicant Information

Name*
Home Address*

Business Information

Address*

Other Owners & Investors

Co-Owner Name
Investor Name
Business Attorney or Accountant Name
Don’t have one? No sweat! We can talk about your options.

Tell Us Your Story

Is your business currently operational?*
To note, applicants do not need to answer this. This is available only if you want to share more. Please share any additional insights about why you need the Propel Program, and why 2020 has been challenging or created additional opportunities for you.
Maximum $30,000
The Microloan Program is able to offer a variety of terms for up to 60-months or five years. An example of a requested rate & term situation would be 7% at 60-months or five years.
For example, I would like a $3,750 loan for the following uses: Rent payment for two months totaling $2,000, utility payment for two months totaling $1,225, supplies purchase for operations totaling $525.
Are you pursuing other loan programs in addition to the Microloan Program?*
Name, relationship to you, phone number, email
Name, relationship to you, phone number, email

Document Upload

Max. file size: 50 MB.
Please upload your business Executive Summary or your business plan here.
If you are an existing business, please upload your FY 2023 and FY 2024 Profit & Loss Statements. If you have been in business for less than two years, please upload your historical detailed profit and loss statements to date.
Max. file size: 50 MB.
If you are a startup, please upload a copy of your financial projections for 2025 & 2026.
Max. file size: 50 MB.
Please upload a copy of your most current Balance Sheet.
Max. file size: 50 MB.
Have you completed our Co.Lab course ?

Permissions

I understand as a representative of my business, the Boone EDC will perform a credit check on the owner (and spouse, if applicable).*
I understand as a representative of my business, I am personally and professionally in good standing with Boone County, IN and the State of Indiana.*
This means you personally nor professionally are in default of any loans, currently bankrupt or more than 90 days past due on any accounts.

Payment Information

Administration Fee
I understand and agree to be invoiced $250 by the Boone EDC for the administration fee and review of my business information for the Microloan program. I understand that once payment is received, the Microloan Committee will review my information submitted. By paying the administrative fee, I understand it is not a guarantee to receive any funds from Boone EDC.
This field is for validation purposes and should be left unchanged.