COMMUNITY EXPRESS LOAN PROGRAM
Tampa-Bay Economic Development Corporation is a Technical Assistant Provider for this program. The Community Express Loan Program provides funding for all business related needs such as working capital, payroll, inventory, equipment, etc.
Minimum loan size is $5,000 and maximum is $50,000. Borrowers are expected to provide a minimum 10 percent equity injection into individual projects.
LOAN CRITERIA
| Service Area |
Florida with an emphasis on the Greater Tampa Bay area |
| Loan Amount |
Minimum $5,000
Maximum $50,000
|
| Use Of Loan Proceeds |
Any business need |
| Eligibility |
Must be a for profit business.
Business Plan
|
| Ineligibility |
- Non-profit entity
- Gambling facilities
- Adult Entertainment
- Investment company
- Passive income properties
|
| Term |
7-10 years |
| Repayment |
Monthly |
| Collateral |
May be unsecured |
| Borrower's Cash Participation |
Minimum 10% of project costs |
| Deposit to review loan application |
$450.00 to $575.00 (check cashed only if the application is approved.) |
For more information or applications procedures,
call 813-984-8100