Indiana Code 5-28-20-12. Loans and loan guarantees; conditions
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Sec. 12. From the fund, the corporation shall:
(2) make loans upon conditions prescribed under this chapter to small or minority businesses for the purpose of assisting them in the operation and expansion of their businesses.
(1) guarantee loans made by approved lenders upon conditions prescribed under this chapter to small or minority businesses to assist them in the operation or expansion of their businesses; and
Terms Used In Indiana Code 5-28-20-12
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- fund: refers to the small business development fund established by IC 5-28-18-7. See Indiana Code 5-28-20-2
As added by P.L.4-2005, SEC.34.