Greenfield Banking Co. joins Credit Corp.

Greenfield Banking Company is joining the Indiana Community Business Credit Corp. The Credit Corp. is Indiana's leading provider of mezzanine funding for small, promising businesses that may need additional financing to supplement the financing they receive from traditional sources. Greenfield Banking's Bryan Miller says, "The Credit Corp. provides access to additional capital for current and prospective clients which can create a better comfort level for the bank." Greenfield Banking Company was founded in 1871 at the corner of what became the U.S. National Road and State Road 9 in downtown Greenfield. Today, it serves Hancock County from seven offices, three in Greenfield and one each in Fortville, McCordsville, Cumberland and New Palestine. The Indiana Community Business Credit Corp. administers a statewide pool of loan capital for small businesses. Thirty Indiana banks contribute to and have access to the pool. Jean Wojtowicz, executive director of the Indiana Community Business Credit Corp., says, "We refer to our capital pool as a ‘mezzanine fund' because it falls between equity and senior debt financing. Our fund meets the need for growth capital that can supplement financing available from a senior lender." Since 1986, the Indiana Community Business Credit Corp. has provided more than $57 million to 124 Indiana companies in partnership with the members of its capital pool.