Michigan City-based Horizon Bank (Nasdaq: HBNC) has announced it is investing $100,000 in Lynx Capital Corp. to help minority-owned businesses.
Lynx Capital is an Indianapolis-based company that provides loans and guidance to Hoosier businesses owned by minorities throughout Indiana.
Lynx funds projects of at least $75,000 to companies with five employees or more and that have been open for a minimum of three years.
“Horizon’s investment in Lynx will help many of our minority-owned business neighbors start and grow their companies. This investment helps us reach out to some of the underserved communities in our market,” said Dan Hampton, regional president for Horizon Bank.
Lynx says it has provided more than $7 million in loans to more than 90 minority-owned businesses since 1991.