Service Learning

Social Entrepreneurship

Indiana Campus Compact College Student Social Entrepreneurs Microloan Program

Coming soon in 2016-2017

Who Can Apply?

All students (undergraduate through doctoral) from Indiana Campus Compact partner campuses located are eligible to apply.

Microloan Program Overview

This new partnership between the Flagship Enterprise Center (on behalf of the Indiana Small Business Administration) and Indiana Campus Compact will provide a shared micro-loan pilot program for college student social entrepreneurs on Indiana Campus Compact partner campuses.

It is with full intent that the program will become available to IPFW students in 2016-2017.

Availability

Loan amounts can range from $500 up to $50,000 (an average loan amount will be $5,000-$10,000). No upfront fees. There will be a 2% closing fee on each loan (can be rolled into the loan).

This is step one of a three step process. If this initial application makes it through review, the applicant will be contacted by the Flagship Enterprise Center for the completion of steps two and three.

Other Important Items of Note

  1. This is a loan program, NOT a grant program. If students meet the requirements to receive a loan, the money will have to be paid back to the Flagship Enterprise Center (the loan provider).
  2. Indiana Campus Compact is not the loan provider and is not responsible for monitoring payments or defaults. In addition, Indiana Campus Compact is not responsible for any damages that may result if a loan recipient defaults.
  3. Indiana Campus Compact will provide consultation and professional development for funded student social entrepreneurs through events and partnerships with other organizations.

Deadline

Applications will be accepted on a rolling basis once the program is rolled-out.

Please contact us if you are interested in learning more or eventually applying.

More information, please visit Indiana Campus Compact online.