Intend Indiana Build Fund Commits Capital to Women & Minority-Owned Businesses

• Intend Indiana directs full 2024 Build Fund financing to minority and women-led enterprises
• The fund initiative offers strategic and equitable lending to support small business growth
• This investment equips entrepreneurs with essential; capital for growth and job creation

In a bold move to support underrepresented entrepreneurs, Intend Indiana has allocated all 2024 Build Fund initiative loans toward minority and women-owned businesses. Demonstrating its commitment to economic equity, the strategic move fosters sustainable business growth and community development.

As a part of its mission to strengthen local communities, Intend Indiana’s Build Fund initiative serves as a crucial financial resource for small business offering ‘flexible, affordable, and responsible funding,’ according to a press release. The allocation ensures that the entrepreneurs receive the capita necessary to scale operations, create jobs, and contribute to state-wide economic resilience. Over the last two years, 100% of Build Fund loans have been directed to lesser served minority and women-owned businesses in Indiana.

To meet the evolving needs of small and mid-sized businesses, the Build Fund initiative delivers flexible financing solutions that drive success across multiple industries. According to a press release, the funding is allocated for critical business investments, such as expansion efforts equipment upgrades, and real estate development. This initiative plays a vital role in helping companies scale operations, enhance competitiveness, and generate long-term economic impact.

“Our goal with Build Fund is to provide underserved small businesses with access to affordable capital so they can grow, build wealth and contribute to their communities,” Stephanie Quick, president of Intend Indiana, said in a statement. “With 100% of our 2024 loans going to minority- and women-owned businesses across Indiana, we continue to break down barriers and create opportunities for historically underrepresented entrepreneurs.”

Working alongside non-profit, financial institutions, foundations, and government bodies, Intend Indiana delivers comprehensive and impactful programming and essential resources aimed at fostering community growth and economic empowerment.