BEDFORD — Indian Creek Stone Products has started production at a previously vacant stone mill facility once used by a different stone company. The new facilities are located within 12 miles of Indian Creek Stone Products’ existing site west of Bedford.

Indian Creek Stone Products purchased the property with assistance from the U.S. Small Business Administration 504 loan program through German American Bank and Indiana Statewide Certified Development Corp.

Owners Tom and Jeff Kimmel founded Indian Creek Stone Products 36 years ago. The company has 32 employees. It has become a leading producer of Indiana sandstone and Indiana limestone materials, including weathered sandstone fieldstone and other hardscape materials, natural thin stone veneer and standard veneers. The company’s materials adorn homes and commercial buildings throughout Indiana and are shipped across the U.S. and into Canada.

Indian Creek Stone Product’s additional space totals more than 26,000 square feet for slab production, custom fabrication operation and much of the company’s standard materials production. Indian Creek Stone Products has operated a sandstone quarry, limestone quarry and two mill operations for several years.

President Tom Kimmel says Indian Creek Stone Products will hire three stone sawyers and two general laborers as a result of this expansion, with more anticipated in coming years.

Indiana Statewide CDC works with local Indiana lenders to issue SBA 504 loans to help owners of expanding or startup small businesses buy real estate, buildings and equipment. SBA 504 loans can give small business owners long-term, fixed-rate financing similar to commercial loan terms available for large companies.

Joshua Stolz of German American said, “The 504 program allows Indian Creek Stone Products to expand their operations in a specialized field. And the borrower knows they are getting beneficial loan terms while meeting the bank’s requirements.”

Stolz adds, “Indiana Statewide CDC provides a helpful checklist for the borrower and bank to know exactly what info is required. They help with every step along the way.”

Tom Kimmel said, “The SBA 504 program is built on individuals investing in our communities, which we really appreciate. In this case it has helped a small business grow and expand into a new market. As a result we will be able to attract new, talented, productive members to our team.”

Indiana Statewide CDC (www.cambridgecapitalmgmt.com) has provided more than $530 million to 1,260 Indiana companies since 1983, creating or saving more than 20,000 jobs, and is the most prolific CDC in Indiana.

© 2019 TMNews.com, Bedford, IN.