City of Fishers awards $505,000 in loans to Fishers Businesses to Support Start-Up Operations

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.