Cloverglen Finance, a small-business funding broker in Muncie, Indiana, works with Yorktown, IN owners by phone and online. ZIP 47396 had 124 employer establishments in 2023, 56.5 percent with fewer than five employees, led by health care and construction (Census ZBP). Lending partners alone make credit decisions and set rates and terms.
| County | Delaware County, IN |
|---|---|
| Distance | About 6.5 miles W of the office |
| ZIP 47396 employers | 124 in 2023 (Census ZBP) |
| Under five employees | 56.5% of ZIP 47396 employers |
| Self-employed residents | 5.8%, +/- 1.9 (ACS 2020-2024) |
Yorktown, IN and ZIP 47396
The town covers about 62 percent of the land in ZIP 47396, so the ZIP figures are a reasonable, though not exact, guide to the town. In 2023 the ZIP had 124 employer establishments, 1,435 paid employees and an annual payroll of about $66.8 million, and 56.5 percent of the establishments had fewer than five employees (U.S. Census Bureau, ZIP Code Business Patterns 2023).
Clinics next to contractors
Health care and social assistance led with 18 establishments, construction followed with 17, and retail had 13. Real estate and professional services had 12 each; 83.3 percent of the professional firms had fewer than five employees (U.S. Census Bureau, ZIP Code Business Patterns 2023).
A small practice and a small contractor both wait to be paid, but they spend differently. The practice puts its money into staff and clinical equipment and waits on insurers; the contractor buys materials and equipment up front and waits on a customer or a general contractor. One usually starts with equipment financing and a line of credit, the other with working capital tied to a specific job.
Self-employment in Yorktown, IN
An estimated 5.8 percent of employed Yorktown residents were self-employed, plus or minus 1.9 points, below Indiana's 8.0 percent. About 2.4 percent ran incorporated businesses and 3.4 percent unincorporated ones (U.S. Census Bureau, American Community Survey 2020-2024). The margins are wide enough that the split is a rough guide only.
Yorktown, IN in the county figures
Because Yorktown is in Delaware County, Indiana, the county figures on our Muncie, IN page apply here as well. The town is a short drive from Muncie, IN, but nearly every request starts by phone or through the online form. The communities page lists other nearby towns.
Yorktown, IN sectors our partners fund
For Yorktown, IN owners, Cloverglen Finance focuses on the sectors our lending partners have confirmed they fund: contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock. Approval is never automatic for any sector.
Paperwork partners commonly ask for
- Business checking statements covering roughly the last quarter or two
- Your most recent business tax return
- Current financial statements: profit and loss plus a balance sheet
- Photo ID for every owner of the business
- A simple schedule of current business debt and monthly payments
- For equipment, the seller's quote with make, model and price
Partners differ in what they request; this list covers the usual ground.
From first call to a partner's decision
- 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 explain which funding types fit that use and what partners usually need to see. Nothing is submitted without your go-ahead.
- Once you agree, the request goes to partners that provide that type of funding. The credit decision belongs to each partner.
- When an offer arrives, weigh its full cost, how payments are scheduled and the conditions. Accepting is entirely your choice.
Cloverglen Finance is based at 301 S Walnut St, Muncie, IN 47305.
By Cloverglen Finance · Updated