Need a Small Business Loan?
The Flagship Microloan Program was established in the summer of 2010 to help finance a few of the current business incubator clients at the Flagship Enterprise Center. Since that time, the Flagship Enterprise Center has expanded to reach a 29 county region in Central Indiana and has approved more than 250 loans totaling over $7 million.
We have met our vision by:
Creating New Jobs – Our microloan clients generated approximately $20 million in sales, $2.5 million in profit and employed 275 full time equivalent employees in 2016.
Mentoring and Providing Services – We provided over 4,500 hours of technical assistance with borrowers in 2015 and project over 5,500 hours in the next 12 months.
Providing Access to Capital – We have made over 290 loans totaling over $7 million to Indiana small businesses who were unable to get financing at the same terms elsewhere.