Indiana Code Title 5. State and Local Administration § 5-28-30-10

(1) the guarantee of a particular loan secured by, or lease of, real property or tangible or intangible personal property to or for the benefit of any industrial development project, mining operation, or agricultural operation that involves the processing of agricultural products would tend to accomplish the purposes of this chapter, including the creation or retention of employment in Indiana through the guarantee of the loan or lease;  and

(2) the proposed borrower or lessee cannot obtain the loan or lease upon reasonable terms;