Capital Resources Council at Work for You

Whether you’ve got a great idea taking shape or a proven product or service ready for business expansion, moving forward takes capital resources.

Sometimes those resources are readily and easily available. Other times, you may need guidance or support in tapping funds. That’s where the Greater Lafayette Commerce Community Resources Council comes in.

Various Ways to Help

“We try to supplement what a bank might provide,” explains Jerry Holsapple, loan manager. While each business is unique, resource loans might be obtained via a second mortgage, the council’s own funds, local banks or the SBA 504 loan program.

“Our primary criteria is, ‘Will you create jobs and/or improve our tax base?’” Holsapple says. “We work with those who are nearly qualified, who maybe don’t have quite enough cash to provide the down payment, for example, and we try to find a way to help them.”

While the council primarily uses the same standards as bank loans, and loans are at market rates, “We provide greater flexibility than a bank,” Holsapple says.

Resources also include grant money to scout, evaluate, remediate and conduct hazardous material cleanup of area brownfield sites, technical assistance for expansions and development projects and gap financing.

Working with Holsapple on the Capital Resources Council board are: Tony Albrecht, Brad Cohen, Bob Falk, Joe Hornett, Patty Jischke, Brad Marley, Gary Neal, Bob Reiling, Joe Seaman, Brent Talcott, Tom Walter and Randy Williams.

Learn More

For more information, visit the Capital Resources website at www.greaterlafayettecommerce.com. To schedule an appointment with Jerry Holsapple, contact him at 765/742-4044, jholsapple@greaterlafayettecommerce.com.