Flagship Enterprise Center announced recently that the FEC Microloan Program has received a grant for $20,000 from Old National Bank Foundation. Presented by ONB Regional President, Jeff Howe and Amy Freeman, Vice President, the grant is part of the “Growing Indiana Through Microlending” initiative.
Chuck Staley, President and CEO of Flagship Enterprise and Adam Hoeksema, Loan Program Manager, were on hand to receive the grant that will help fund the program.
Hoeskema remarked, “We are thrilled to partner with Old National to expand our microloan program in 14 new Indiana counties. This loan loss reserve funding will make an additional $133,000 in microloans available to help entrepreneurs grow their business. This grant demonstrates Old National's commitment to supporting Indiana business owners, and will positively impact dozens of entrepreneurs in the next 12 months.”
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