ANDERSON — The Flagship Enterprise Center has expanded its microloan program to include Indiana and Purdue universities.
The program covers 29 Indiana counties and offers small loans, typically from $1,000 to $50,000, to new and early-stage businesses. As well as extending coverage to the two universities, the program now covers Monroe, Tippecanoe, Montgomery, Clinton and Brown counties.
Dirk Webb, Business Development Manager at Flagship, said the program’s expansion “will certainly give each university's entrepreneurial program one more tool to encourage students.
“Our participation can help promote early stage business ideas and technology based companies throughout Central Indiana.”
The program has offered more than $7.5 million in loans to new businesses, including more than 170 to minority-, women- and veteran-owned businesses.
Counties eligible for loans include:
Bartholomew, Blackford, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Franklin,
Grant, Hamilton, Hancock, Hendricks, Henry, Howard, Jay, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby,Tippecanoe,
Tipton, Union and Wayne.