LoansState of Indiana Loan Programs Industrial Revenue or Industrial Development Bonds Private activity bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower. Click here for more information on Industrial Revenue and Industrial Development Bonds. Capital Access Program (CAP) The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the program. CAP allows lenders to consider loans that might not meet conventional lending requirements. Click here for more information on the Capital Access Program. U.S. Small Business Administration Programs CDC/504 Loan Program The CDC / 504 loan program is a national program administered through a Certified Development Company (CDC), a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private-sector lenders to provide financing to small businesses, which provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. Click here for more information on the CDC/504 Loan Program for the State of Indiana. 7(a) Loan Program The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes. SBA does not make loans itself, but rather guarantees loans made by participating lending institutions. Click here for more information on the 7(a) Program for the State of Indiana.