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Small Business Administration Loans

Small businesses are the heartbeat of the local economy in Indiana. At IMCU, we offer a wide range of business financing through government-backed Small Business Administration (SBA) Loans that feature lower down payments and longer repayment terms.
 
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Small businesses are one of our
biggest priorities. 

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Loans up to $5 million for existing businesses and start-ups.
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Funding available for real estate, equipment, renovations, and more.
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Expert assistance from our commercial lending team.

These popular business loans help level the playing field. 


Small businesses in Central and Southern Indiana often face challenges in qualifying for traditional commercial loans that are readily available to larger competitors. That's why the U.S. Small Business Administration has several programs that offer funding with financial advantages. At Indiana Members Credit Union, our team can explain what's available through SBA programs and assist business owners throughout the application process.
 
  • Term loans and lines of credit.
  • Lower down payment requirements.
  • Extended repayment terms.
  • Flexible credit history requirements.
  • Competitive financing options available.
 
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Here's How to Apply

These loan application instructions explain how the process works.


SBA’s most flexible financing program provides working capital and general‑purpose funding to eligible small businesses. These loans are issued by approved lenders and partially guaranteed by the SBA and can be used for a wide range of purposes:
 
  • Working capital and operational expenses
  • Business expansion or growth initiatives
  • Equipment and machinery purchases
  • Acquisition of an existing business
  • Leasehold improvements
  • Refinancing of certain types of business debt
  • Purchase of owner‑occupied commercial real estate
This long‑term financing solution is designed specifically for major fixed‑asset purchases. Loans are structured through a partnership between a private lender (like IMCU), a Certified Development Company (CDC), and the borrowing business. 
 
  • Purchase or construction of owner‑occupied commercial real estate
  • Renovation or expansion of existing facilities
  • Purchase of long‑life machinery or equipment
  • Certain refinancing transactions tied to fixed assets
Many types of small and growing businesses are eligible for SBA loans. They include:
 
  • Owner‑occupied commercial real estate businesses
  • Retail businesses
  • Healthcare and medical practices
  • Professional and service-based businesses 
  • Manufacturing and industrial businesses
  • Business acquisitions and succession planning















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IMCU offers various lending solutions for businesses of all sizes. 


When your business is ready to expand or start an important project, work with local experts who know the Central and Southern Indiana marketplaces. Our commercial lending team takes the time to understand your specific needs and explains all your options. 
 
All loans are subject to membership eligibility requirements, underwriting guidelines, and approval based on creditworthiness. SBA loans are also subject to Small Business Administration approval.