Entrepreneurship Program

Are you ready to start your business?
Are you ready to plan for the success of your business?
 Do you wish you better understood your business financial statements?
Are you ready to take your business to the next level?

If you’ve answered “yes” to any of these questions, you should consider enrolling in NxLeveL. 

The NxLevel Entrepreneurship Program was designed to provide training to small business owners and aspiring small businesses owners in the areas many business owners need help in the most: basic business skills, writing business plans, marketing, bookkeeping, financial projections, and negotiating with lenders. Our goal in teaching these courses is to encourage business expansion. And we do just that by helping many start-ups, well, get their start!

Classes are offered every February and September. 

For more information, click to button below or contact Jackie DeRosa, Program Director / Business Builders Loan Administrator
at or 219-803-6563.

Business Builders
Revolving Loan Fund

Business Builders can help you turn your business vision into reality. Whether you’re a potential entrepreneur or an existing business owner, we can help you create and strengthen a successful business endeavor through entrepreneurial training courses, support network, and a revolving loan fund.

The Business Builders Revolving Loan Fund (RLF) was created through a grant from the Empress (now Horseshoe) Casino for the purpose of assisting in the development of minority and women owned Hammond small businesses. The maximum amount of funding available to any applicant or business venture is $50,000.

Applicants must meet the following guidelines:

  1. Business must be located within the City of Hammond preference is given to businesses that are at least 51% women or minority owned.
  2. Applicant must submit a written business plan
  3. Complete the application and submit required documentation
  4. $25 fee for credit check at time of application  

Different types of loan categories: 

Fixed Asset Financing – Term of 5 Years -$50,000 Maximum

Note: Real Estate purchases may be extended to a term of 10 years. Fixed asset financing includes, but is not limited to real estate, equipment, and furniture.

Working Capital Line of Credit – Term of up to 1 Year -$10,000 Maximum

Note: Working Capital Inventory or accounts receivable working capital is a line of credit to accommodate needs

Business Microloan

Hammond Development Corporation in partnership with Fifth Third Bank and First Midwest Bank, offers a Micro Loan Program to HDC tenants and NxLevel graduates. These funds are to be used for short term purposes such as inventory or materials, equipment leasing, marketing materials, and other reasons agreed upon by client and lender. Qualified applicants can receive up to $3,000.00 with a one-page application.  The line of credit is for 12 months with a 0% interest rate for the first 90 days, a 4% interest rate for the next 90 days, and a 10% interest rate thereafter.

Funds can be used on inventory, equipment leasing, marketing materials, and other reasons agreed upon.

For more information, click the button below or contact Jackie DeRosa, Program Director / Business Builders Loan Administrator
at or 219-803-6563.

Conference and Event Spaces Request

April 2024