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Our Mission:
To generate employment and improve the general economic condition of the state by assisting Indiana companies including those eligible for preferential consideration in obtaining and performing under local, state, and federal government contracts.
The Indiana Procurement Technical Assistance Center (PTAC) is a part of the Indiana Economic Development Corporation. We provide procurement technical assistance to help you sell your products or services to the appropriate government agency by offering confidential counseling services and workshops at no cost. The core of our procurement assistance program is counseling and education.
Hoosier small businesses
invited to apply for low-interest loans from U.S. Small Business
Administration
INDIANAPOLIS (March 19, 2020) – Last night, the U.S. Small Business Administration (SBA) issued a disaster declaration for the state of Indiana, offering financial assistance for Hoosier small businesses impacted by the novel coronavirus (COVID-19) outbreak in the state.
The declaration is in response to a formal request Governor Eric J. Holcomb submitted with the SBA on March 17, seeking assistance through the organization’s Economic Injury Disaster Loan program.
“Small businesses play a critical role in driving Indiana’s economy forward, with more than 512,000 employing 1.2 million Hoosiers across the state,” Gov. Holcomb said. “These disaster loans will provide much needed financial support to small business owners who are weathering the impact of the coronavirus outbreak.”
Under the program, small businesses, small agricultural cooperatives and nonprofits across the state are eligible to apply for low-interest loans up to $2 million to help overcome the temporary loss of revenue due to the COVID-19 outbreak. These loans may be used to pay fixed debts, payroll, accounts payable and other bills incurred during this public health emergency. The loan interest rates for small businesses and nonprofits are 3.75% and 2.75%, respectively, with terms up to 30 years.
To qualify for disaster loans, applicants must demonstrate credit history, the ability to repay the loan, and proof of physical presence in Indiana and working capital losses. Additionally, the Indiana Small Business Development Center, which has 10 regional offices throughout the state, will provide free business advising and application assistance for small businesses impacted by the COVID-19 outbreak.
To apply for loans or receive more information about the Economic Injury Disaster Loan program, visit SBA.gov/Disaster. Contact 1-800-659-2955 or disastercustomerservice@sba.gov with additional questions.
The deadline to apply is Dec. 18, 2020.
INDIANAPOLIS (March 19, 2020) – Last night, the U.S. Small Business Administration (SBA) issued a disaster declaration for the state of Indiana, offering financial assistance for Hoosier small businesses impacted by the novel coronavirus (COVID-19) outbreak in the state.
The declaration is in response to a formal request Governor Eric J. Holcomb submitted with the SBA on March 17, seeking assistance through the organization’s Economic Injury Disaster Loan program.
“Small businesses play a critical role in driving Indiana’s economy forward, with more than 512,000 employing 1.2 million Hoosiers across the state,” Gov. Holcomb said. “These disaster loans will provide much needed financial support to small business owners who are weathering the impact of the coronavirus outbreak.”
Under the program, small businesses, small agricultural cooperatives and nonprofits across the state are eligible to apply for low-interest loans up to $2 million to help overcome the temporary loss of revenue due to the COVID-19 outbreak. These loans may be used to pay fixed debts, payroll, accounts payable and other bills incurred during this public health emergency. The loan interest rates for small businesses and nonprofits are 3.75% and 2.75%, respectively, with terms up to 30 years.
To qualify for disaster loans, applicants must demonstrate credit history, the ability to repay the loan, and proof of physical presence in Indiana and working capital losses. Additionally, the Indiana Small Business Development Center, which has 10 regional offices throughout the state, will provide free business advising and application assistance for small businesses impacted by the COVID-19 outbreak.
To apply for loans or receive more information about the Economic Injury Disaster Loan program, visit SBA.gov/Disaster. Contact 1-800-659-2955 or disastercustomerservice@sba.gov with additional questions.
The deadline to apply is Dec. 18, 2020.
