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Microloan Program

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Hammond Development Corporation in partnership with Fifth third Bank offers a Micro Loan Program to HDC tenants and NxLevel graduates. These funds are to be used for short term purposes such as inventory or materials, equipment leasing, marketing materials, and other reasons agreed upon by client and lender. Qualified applicants can receive up to $1,500.00 with a one-page application. The line of credit is for 12 months with a 0% interest for the first 90 days, 4% interest for the next 90 days, and 12% interest thereafter. 

Funds can be used on inventory, equipment leasing, marketing materials, and other reasons agreed upon.

For more information, contact Jackie DeRosa, Program Director / Business Builders Loan Administrator at jackie@hdcnwi.org or 219-803-6504.