Welcome to your daily briefing on finance developments in Indiana. Today we're covering 8 key stories including updates on indiana finance headlines, indiana finance updates. Let's dive in.
4 stories
Purdue Federal Credit Union is promoting its competitive SBA 504 loan for Indiana small businesses, with financing available up to $5.5 million.
Indiana finance professionals can point small-business clients to this SBA 504 option as a potential source of fixed-rate capital for growth projects.
Indiana has finalized 45 IAC 3.1-1-55.5, introducing market-based sourcing for services and intangibles, retroactive to January 1, 2019, with some exclusions and divergences from MTC guidelines.
This changes how Indiana finance professionals must source income from services and intangibles, potentially affecting tax liabilities and requiring attention to retroactive periods.
The SBA's Indiana District Office provides services across the whole state of Indiana.
Indiana finance professionals can point clients to SBA programs and local resources to support business growth and access to capital.
IMCU has published its standard disclosure regarding electronic statement services for account holders.
Indiana finance professionals must understand the terms and privacy practices associated with digital banking services like eStatements offered by local institutions.
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4 stories
The source explains that SBA loan requirements vary based on loan type and lender, with key criteria to know before completing an application.
Indiana finance professionals can use this overview to better guide small-business clients through SBA loan eligibility.
The Wikipedia article explains that a credit union is a member-owned financial cooperative offering banking services like savings and loans.
Indiana finance professionals advising consumers or businesses should understand how credit unions differ from traditional banks in ownership and profit distribution.
Complete the sentence with a verifiable statement or remove it. For example: 'The official home page of the Indiana Department of Financial Institutions serves as a key regulatory reference for IN finance professionals.' Financial Institutions, the state agency for financial institutions.
Finance professionals in Indiana can use this as the primary online entry point for state-level financial institution information and updates.
The U.S. Small Business Administration announced that Indiana small businesses received over $728 million in federally backed capital through SBA loan programs in Fiscal Year 2023.
Indiana finance professionals can track the scale of SBA-backed lending flowing into local small-business growth and align their advisory or lending services accordingly.
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