ANDERSON, IN [February 8, 2022] — Bankable has announced that Adam Hoeksema is stepping down from his full-time role as Executive Director and will now take on a part-time role as Strategic Business Advisor. This decision has been made in an effort to grant Hoeksema more time to pursue his own entrepreneurial endeavors.
Hoeksema joined the Flagship Enterprise Center in 2010 to help launch the SBA microloan program and has served in that leadership role since. His efforts have pushed Bankable to grow substantially, from an initial loan pool of $100,000, to now topping over $50 million in loaned funds to Indiana small businesses. Now that the pandemic and its subsequent, all-hands-on-deck efforts are beginning to stabilize, Hoeksema feels it is time to step back and focus more of his attention to his side hustle. Hoeksema’s new position as Strategic Business Advisor will allow him to continue making important contributions to the team.
In Hoeksema’s stead, Jennifer Hall has been promoted to Executive Director. Hall has most recently been serving the Flagship Enterprise Center and Bankable as the Director of Marketing and New Initiatives. She has an extensive background in nonprofit management, commercial lending, organizational fundraising, and financial advising. Previous to this role, Hall served as Executive Director of a lending and investment foundation that carried a portfolio of nearly $5 million in loans and partnered with other lending institutions to diversify loan risks.
Dr. Terry Truitt, CEO of Flagship and Bankable, is confident about the future amid this shift in leadership.
"We have been fortunate to have such strong leadership from Adam and to have strong promise for the future with Jennifer's leadership,” says Truitt. “From the beginning, Adam has been able to drive unprecedented growth in our ability to help other people in Anderson, Madison County, and throughout Indiana by providing access to capital to the underserved. It is clear that Jennifer will work to grow that positive impact on others in the future."
The Flagship Enterprise Center founded Bankable in 2010. Bankable is a nonprofit lender that offers a second chance to Indiana small businesses to secure the funding they need to grow. We provide them with safe and affordable microloans, and business development resources that aid in building credit, increasing financial literacy, and growing sound business foundations to make them Bankable for the future.