INDIANAPOLIS — Glick Philanthropies donated $250,000 to the Indy Chamber’s Rapid Response Loan Fund to support small businesses affected by the COVID-19 pandemic.
The Indy Chamber distributes loans of between $1,000 to $25,000 small businesses for employee salaries, insurance premiums, or as a bridge loan until additional funding kicks in from financial institutions or other federal assistance.
The Indy Chamber has given out $1.3 million in loans at an average of $19,000 per loan.
“The Indy Chamber and Glick Philanthropies share a commitment to economic opportunity for all members of our community,” said Indy Chamber President and CEO Michael Huber. “The investment announced today will give small business owners the opportunity to survive this pandemic and continue to strengthen the fabric of our neighborhoods across the Indy region.”