All About Bankable
Bankable is a nonprofit lender that seeks to create opportunities for all entrepreneurs in Indiana by providing access to capital, financial education, and economic resources to build healthy small businesses.
The Bankable team works with entrepreneurs at any stage of business to build their credit, secure capital, increase financial literacy, and grow sound business foundations to make them Bankable for the future. Being Bankable means that we work to finance, educate, and support small business owners with the goal of getting them to the point where their credit, financial standing, and business know-how qualifies them for traditional funding.
Bankable, formerly known as the Flagship Enterprise Center’s Loan Program, is a new brand under Flagship Enterprise Center, a nonprofit business incubator started in 2005 dedicated to starting and growing local businesses in areas where economic downturn affected families and communities harshly. The Loan Program was started by the Flagship in 2010, is a certified SBA microlender, and has experienced an average growth of 140% annually since inception. The incredible growth seen over the last six years has led to the need to define more clearly the Loan Program from the Flagship’s other economic development endeavors. Bankable is a brand powered by the Flagship.
To date Bankable has made more than 400 loans totaling nearly $11 million to businesses at every level from startups to established, making it the top SBA microlender in Indiana. Bankable offers a robust technical assistance program that has provided over 5,000 hours of support to entrepreneurs in the areas of accounting, strategy, marketing, credit building, and more.
Loan Products and Services:
Bankable offers three different loan products: Credit Builder Loans, Microloans, and Community Advantage Loans. Our loans range from $500 up to $250,000. We work with for-profit business owners and entrepreneurs who are in need of capital and are unable to secure funds from a traditional bank.
In addition to lending, our loan officers and business advisers work with clients to coach them on a wide range of technical assistance topics. We also have relationships with many other financial institutions and community organizations that make up a network of support for entrepreneurs in need of business advising and guidance.
Apply for a loan today and let our team partner with you to make your business Bankable.