About this programme
The Capital Access Program (CAP-SSBCI) is designed to give Indiana small businesses better access to credit by encouraging lenders to make loans they might otherwise turn down. The Indiana Economic Development Corporation (IEDC) administers it under Indiana Code 5-28-30-4, using funds from the federal State Small Business Credit Initiative (SSBCI), created by the Small Business Jobs Act of 2010.
Rather than lending money directly, CAP creates a dedicated cash reserve fund that a participating lender can use as extra collateral for a specific loan. The lender keeps full discretion over whether to approve the loan and on what terms.
How it works
When a business takes out a CAP-enrolled loan, three parties contribute to a reserve fund tied to that loan: the borrower contributes 1.0% to 3.5% of the loan amount, the lender matches that same percentage (a cost typically passed on to the borrower), and IEDC then provides a 1:1 match of the combined borrower and lender contributions.
The lender retains full discretion over loan approval, interest rate, enrollment premium, and other terms and conditions.
Loans of up to $5,000,000 may be eligible, and both term loans and lines of credit can be enrolled.
CAP-SSBCI cannot be used together with any other federal credit enhancement tool on the same credit facility.
Lenders enroll a loan with a simple enrollment form submitted to IEDC and must follow federal guidelines under Section 3005(e)(7) of the Act, with minimal ongoing reporting obligations.
Who can apply
Most Indiana businesses with 500 or fewer employees qualify.
The loan must be a term loan or a line of credit, for up to $5,000,000, made through a CAP-enrolled Indiana lender.
The loan cannot also be enrolled in another federal credit enhancement program at the same time.
How to apply
- Get a loan approved by an Indiana lender that participates in the CAP program.
- Lenders interested in enrolling a loan submit a simple enrollment form to IEDC when making the loan.
- Contact the program manager directly for enrollment details.
Frequently asked
Does IEDC lend money directly to my business?
No. IEDC contributes to a cash reserve fund that your lender can draw on as extra collateral, but the loan itself comes from the participating lender, who keeps full discretion over approval and terms.
How big can the loan be?
Loans up to $5,000,000 may be eligible, as either a term loan or a line of credit.
How much does the reserve fund contribution cost me as the borrower?
You contribute 1.0% to 3.5% of the loan amount, and the lender matches that percentage (a cost that is typically passed on to you). IEDC then matches the combined total 1:1.
Can I combine CAP-SSBCI with another federal credit program on the same loan?
No. CAP-SSBCI cannot be used in conjunction with any other federal credit enhancement tool on the same credit facility.
More funding in Indiana
Indiana State Trade Expansion Program (IN-STEP)
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Reimburses Indiana small businesses up to $15,000 a year, at 80%, for trade shows, translation, and other costs of expanding into export markets.
SMART & Advanced Manufacturing (SAM) Focus Fund
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Equity investments up to $500,000, matched 1:1, for early-stage Indiana manufacturing startups building smart-technology products.
Urban Enterprise Zone (UEZ) Program
Local Urban Enterprise Associations, under Indiana Code 5-28-15 · Indiana
Ongoing tax savings for businesses operating inside one of Indiana's distressed urban enterprise zones, registered through the local zone association.
Manufacturing Readiness Grants
Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana · Indiana
Matched grants up to $200,000 for Indiana manufacturers modernizing with smart-process technology.
Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.