Venture Capital from 1st Source Bank

Business Banking

Venture Capital

Do you have a business with an impressive potential for significant growth over the next few years? Are you onto something new and exciting, which will fill a real need in today's market? Looking for financing for a product or service which you're sure will revolutionize your industry? Consider 1st Source Capital Corporation, our Small Business Investment Company (SBIC), which provides equity financing to companies like yours.

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What we look for
Business opportunities sometimes arise which have a real profit potential but may be a little too risky for traditional forms of financing like bank loans. That's where 1st Source Capital Corporation can make a difference. We are always on the lookout for products or services with unique characteristics, that deliver significant value to customers, and have strong growth potential in a total market of at least $200 million. Typical uses of Venture Capital include acquisitions, management buyouts and ownership transfers.

Who should apply
When it comes to providing venture capital to small businesses, 1st Source looks for companies with experienced, visionary management teams and a proven track record, primarily in the manufacturing, sales and distribution sectors. Companies we typically consider have pretax profits of at least $250,000, have a history of overall or rising profitability, and can demonstrate a potential for significant growth in the next two to five years. 1st Source Capital Corporation focuses its resources on companies in Indiana and neighboring Midwestern states.

What we provide
Investments by 1st Source Capital Corporation are made in amounts ranging from $200,000 to $750,000. Where the total equity required exceeds that range, we typically invite other capital providers to join us in the venture. The structure of our investments are generally tailored to meet the needs of your company, and may include subordinated debt with warrants, convertible debentures, preferred stock, common stock or any combination of these.