Flagship Center Program Reaches Milestone
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Flagship Enterprise Center in Anderson says its microloan program has passed the million dollar mark. The incubator says the milestone comes during a period of “unprecedented growth” as its portfolio more than doubled in size.
March 20, 2014
News Release
Anderson, Ind. — The Flagship Enterprise Center's Microloan Program has surpassed the million dollar mark in total loans made. This milestone comes on the heels of unprecedented growth for the program in 2013 as their portfolio more than doubled in size. The Anderson-based microlender makes loans to businesses in the fitness, food service, landscaping, transportation, auto service, software, and retail industries and several of the Flagship's clients have received recognition from the state for innovation, entrepreneurship, and business practices. The Flagship Enterprise Center's Microloan Program targets small and emerging ventures that are looking for loans that are too small for a bank’s portfolio but need funding to offset the costs associated with growth and expansion. The Program can lend to businesses in Delaware, Grant, Hamilton, Hancock, Henry, Madison, Marion, Rush, Shelby, and Tipton Counties.
In addition to loans, the Flagship Microloan Program provides thousands of hours of business advisory services to our borrowers. Services include bookkeeping, website design, marketing support and financing strategy.
Flagship Enterprise Center
Created through a partnership between the city of Anderson and Anderson University, the Flagship Enterprise Center is a technology-based business incubator and SBA microlender in Anderson, Indiana. To apply for a microloan, potential borrowers may contact Adam Tidrow at (765) 622-0100 or atidrow@flagshipenterprise.org.
Source: Flagship Enterprise Center