The City of Fishers, through the Build Fishers Foundation, awarded $505,000 in low-interest loans to Fishers small businesses on Friday, May 8.
"Fishers’ small businesses are the lifeblood of our community," said Fishers Mayor Scott Fadness. "As our city begins to safely re-open, my hope is that these loans will help our small businesses with the much-needed upfront cash required to resume partial operations and eventual re-opening"
The loan committee took into consideration the following as part of the decision-making process. All businesses must employ twenty-five full-time employees or less and one of the following:
- Designated as non-essential under Governor Holcomb’s stay-at-home Executive Order
- Unable to adopt a business model to sustain existing revenue during the COVID-19 Pandemic
- Essential businesses that had to furlough or lay off 50% or more of their workforce as a result of COVID-19
- Must be able to demonstrate a direct correlation of their business disruption due to COVID-19
The committee presented the approved loan recipients during Friday’s Build Fishers Foundation meeting for final approval. Seventy-three loans were approved.
- Air-Tan
- Alliance Chiropractic
- Ancerra Corporation
- As You Wish Cleaning, LLC
- b chic hair design & boutique/the gypsy nest boutique
- Best Choice Fieldhouse
- BIG APPLE BAGELS
- Blush Salon Boutique
- BRAND PHOTODESIGN
- British Swim School Hamilton County
- Cafe Korea
- Camp Cheeney Creek
- Castillo Massage and Skincare Studio
- Crofton Consulting Group Inc
- CrossFit West Geist
- Cynthia’s Hallmark
- DRA, Inc
- Dragonfly Salon
- Elaine’s Salon
- Envy Salon and Spa
- Fidelis Remodeling Group, Corp.
- Fishers Cryotherapy
- Fit Chicks!
- Focal Point Marketing
- Geist Nails
- High Frequency Arts
- Home4Birth
- Imavex, LLC
- IMPACT MINIATURES
- Indiana Lien Inc.
- Jack’s Donuts Fishers
- K Nails Spa
- Karen Marshall NAET
- Kateen’s Floral Designs
- Korave LLC
- Learnovation, LLC
- Little Explorers Preschool
- LIVRITE FITNESS
- LouVino
- Man Cave Collectibles
- Midwest Balloon Rides
- MindBlowing Hair Salon LLC
- Natural State Provisions LLC
- New King Chef Inc.
- Nix Real Estate Group
- Patient Care services team
- Pearl Street Pizzeria & Pub
- Personal Training Fitness Studio
- Platinum Partners, LLC
- Power Body Language LLC
- Prairie Guest House
- Progressive Eyecare
- Reliable Contractors, Inc.
- ROI Search Group
- Runners Forum
- Salon Seven
- Samano’s
- Seal Now
- Simply Smile Dentistry
- SmartStyle Salons
- State of Grace Boutique
- Studio 510
- The Lash Lounge Fishers
- The MAX Challenge of Fishers
- Time Walk Wedding Video
- Tire Central and Service
- Travel Leaders Indianapolis
- TUTOR DOCTOR INDY
- Valor 3 LLC
- Walker Dentistry pc
- Wedding Officiant Indianapolis
- Wishes Dance Studio
- Your DOT Experts, LLC
Businesses will receive up to a six-month no-interest deferment upon receiving funds. After the deferral time, businesses will have the opportunity to repay the loan at a 1% interest rate for 36 months.
The Start-Up and Recovery Loan is just one component of Mayor Fadness’ Recovery Plan, unveiled April 23. In conjunction with the loan program, businesses in Fishers have access to COVID-19 testing through the Fishers Health Department’s program, re-opening assistance for COVID-19-safety protocols through the Business Recovery Team, and one-on-one consultation for business assistance via the Business Recovery Center.
For more information, visit fishersrecovery.com/recovery.