New Albany, IN – One Southern Indiana is pleased to announce the approval of loan funding for Patriot Mobile Wash through its ONE Fund Loan Program. The ONE Fund Loan Program was created in 2022 to provide small business owners in Clark, Floyd, Jefferson, Scott, and Washington counties with the capital required for start-up and growth initiatives. The Fund provides microloans to small businesses as their “lender of last resort” in order to support small businesses as they work toward stability and bankability.
The approved borrower, Patriot Mobile Wash, is a family owned and operated company providing professional, residential, and commercial exterior cleaning services to Southern Indiana. The company specializes in soft-washing. With the loan approval, Patriot Mobile Wash will purchase a mini-truck to collect trash and assist in cleanup at their customer’s sites, including maintaining the Big Four Station Park in Jeffersonville, IN.
Adrian Brown, Senior Regional President of German American Bank and Chair of the One Fund Loan Committee says, “I am pleased to see the ONE Fund Loan Program in action, with the approval of a loan for Patriot Mobile Wash. This is our first non-emergency use of the funds, and it truly represents what the program was initially designed to do. By loaning out these funds to support small businesses in Southern Indiana, we can help grow our community and contribute to the economic vitality of the region. The use of a small business micro loan program, like the ONE Fund Loan Program, is a powerful tool for empowering entrepreneurs and helping them achieve their goals.”
Rachael Armstrong, Small Business Navigator at One Southern Indiana and the Indiana Small Business Development Center, expressed her excitement about the growth of Patriot Mobile Wash and what the ONE Fund Loan Program is able to help local businesses accomplish. “We are thrilled to see Patriot Mobile Wash expanding their services and reach. Our goal at One Southern Indiana is to continue to support local business start-ups and growth opportunities in our community. This loan to Patriot Mobile Wash is a great example of the program’s success in helping small businesses achieve their goals.”
One Southern Indiana’s ONE Fund Loan Program is committed to providing financial assistance to small businesses in Southern Indiana. By providing microloans to small businesses, the program helps support their growth and success, and ultimately contributes to the economic vitality of the region.
For more information about the ONE Fund Loan Program, please visit www.1si.org.
Small Business Navigator