Cloverglen Finance, a small-business funding broker in Muncie, Indiana, works with New Castle, IN owners in Henry County by phone and online. ZIP 47362 had 516 employer establishments in 2023, led by retail and health care (Census ZBP). Lending partners alone make credit decisions and set rates and terms.
| County | Henry County, IN |
|---|---|
| Distance | About 18.8 miles S of the office |
| ZIP 47362 employers | 516 in 2023 (Census ZBP) |
| Under five employees | 48.8% of ZIP 47362 employers |
| Self-employed residents | 4.5%, +/- 2.0 (ACS 2020-2024) |
Henry County, IN and ZIP 47362
New Castle is in Henry County, Indiana, so Delaware County figures do not describe it. The city covers about 5 percent of ZIP 47362's land, and the ZIP counts include businesses well outside city limits. In 2023 the ZIP had 516 employer establishments, 7,735 paid employees and an annual payroll of about $334.3 million; 48.8 percent of establishments had fewer than five employees (U.S. Census Bureau, ZIP Code Business Patterns 2023).
Retail and health care, side by side
| Sector | Establishments | Share under 5 employees |
|---|---|---|
| Retail trade | 84 | 40.5% |
| Health care | 82 | 34.1% |
| Other services | 67 | 55.2% |
| Construction | 49 | 75.5% |
| Accommodation and food services | 49 | 18.4% |
| Finance and insurance | 31 | 58.1% |
| Manufacturing | 25 | 28.0% |
Stores and practices make up nearly a third of the ZIP's employers. A store's funding question is usually stock: inventory financing ties the debt to the goods. A practice's is more often equipment and the gap between treating a patient and being paid. Three-quarters of the 49 construction firms had fewer than five employees, which usually means owner-led crews buying equipment one piece at a time.
Self-employment in New Castle, IN
An estimated 4.5 percent of employed New Castle residents were self-employed, plus or minus 2.0 points, below Indiana's 8.0 percent. Nearly all of them, about 3.8 percent, ran unincorporated businesses (U.S. Census Bureau, American Community Survey 2020-2024).
Requests from New Castle, IN
New Castle requests begin with a call or the online form. Figures on local firms describe Delaware County, Indiana, and the other communities we work with are listed on the areas page.
Who Cloverglen Finance works with in New Castle, 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 New Castle, IN business is something else, call and ask before you spend time on paperwork.
What to gather before you call
- The last three to six months of business bank statements
- Business and personal tax returns for the latest year
- Photo ID for every owner of the business
- Proof of ownership and business registration
- A list of existing business debts and payments
- A written quote or invoice if the money is for equipment
Partners differ in what they request; this list covers the usual ground.
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.
- You hear which options match the need and what a partner will likely want to review. We submit nothing without your approval.
- After you give the go-ahead, we share the request with suitable lending partners, and each one decides on its own.
- Any offer comes from the partner. Read the total cost, the payment schedule and the terms before deciding; turning it down is always an option.
Our address: 301 S Walnut St, Muncie, IN 47305.
By Cloverglen Finance · Updated