Cloverglen Finance, a small-business funding broker in Muncie, Indiana, works with Alexandria, IN owners in Madison County by phone and online. ZIP 46001 had 186 employer establishments in 2023, 57.5 percent with fewer than five employees (Census ZBP). Lending partners alone make credit decisions and set rates and terms.
| County | Madison County, IN |
|---|---|
| Distance | About 15.9 miles WNW of the office |
| ZIP 46001 employers | 186 in 2023 (Census ZBP) |
| Under five employees | 57.5% of ZIP 46001 employers |
| Paid employees in ZIP 46001 | 1,539 in 2023 |
Madison County, IN, not Delaware County, IN
Alexandria is in Madison County, Indiana, so Delaware County figures do not describe it. The numbers below are for ZIP 46001, the ZIP code bearing the town's name. The town itself covers only about 4 percent of that ZIP's land, so most of the businesses counted are outside town limits.
ZIP 46001 in 2023
The ZIP had 186 employer establishments, 1,539 paid employees and an annual payroll of about $66.2 million; 57.5 percent of the establishments had fewer than five employees (U.S. Census Bureau, ZIP Code Business Patterns 2023).
| Sector | Establishments | Share under 5 employees |
|---|---|---|
| Other services | 29 | 44.8% |
| Retail trade | 23 | 34.8% |
| Construction | 21 | 76.2% |
| Accommodation and food services | 19 | 36.8% |
| Professional services | 16 | 81.2% |
| Finance and insurance | 15 | 80.0% |
| Health care | 14 | 64.3% |
Very small contractors
More than three-quarters of the construction firms in ZIP 46001 had fewer than five employees. For a crew that size, one late payment can stall the next job, and equipment is usually bought one piece at a time. Partners looking at a small contractor focus on bank deposits, the jobs in hand and the owner's own credit, since the owner normally signs a personal guarantee. Working capital and equipment financing are the usual starting points.
From Alexandria, IN to a partner's decision
Requests from Alexandria start by phone or online like any other. Local data and contacts cover the office's own county, and neighboring towns are listed on the communities page.
Who Cloverglen Finance works with in Alexandria, IN
Our partners have confirmed appetite for four kinds of business: contractors and construction trades, restaurants and food service, medical and dental practices, and retailers and wholesalers that carry stock. If your Alexandria, IN business is something else, call and ask before you spend time on paperwork.
Documents to have ready
- Business checking statements covering roughly the last quarter or two
- Business and personal tax returns for the latest year
- Current financial statements: profit and loss plus a balance sheet
- Government-issued ID for each owner
- Proof of ownership and business registration
- For equipment, the seller's quote with make, model and price
Each lending partner sets its own list, so treat this as a starting point.
What happens after you reach out
- It starts with a call to (765) 224-5062 or the short contact form. On the phone we cover the purpose of the funds, time in business and approximate monthly revenue.
- We walk through the funding types that suit that purpose and the paperwork partners tend to ask for. Nothing goes out until you say so.
- Once you agree, the request goes to partners that provide that type of funding. The credit decision belongs to each partner.
- If a partner makes an offer, you compare the total cost, payment schedule and terms. You are never obligated to accept.
Our office is at 301 S Walnut St, Muncie, IN 47305.
By Cloverglen Finance · Updated