WOMEN/MINORITY BUSINESS FUND LOAN PROGRAM
TEDCO's Women/Minority Business Fund Loan Program (W/MBF) helps small entrepreneurs who are 51% owned by a woman or minority to obtain financing. To take advantage of this loan program, applicants must be female and/or a minority, based on the federal government definition for minority.
Minimum loan size is $10,000 and maximum is $75,000. Borrowers are expected to provide a minimum 10 percent equity injection into individual projects, with the W/MBF Loan Program providing up to 90 percent financing
LOAN CRITERIA
| Service Area |
Greater Tampa Bay |
| Loan Amount |
Minimum $10,000
Maximum $75,000
|
| Use Of Loan Proceeds |
Any business need |
| Eligibility |
51% or greater business ownership by a woman or a minority, as defined by federal standards
|
| Ineligibility |
- Non-profit entity
- Investment company
- Passive income properties
|
| Term |
Varies based on the purpose and collateral |
| Repayment |
Monthly |
| Collateral |
Required |
| Borrower's Cash Participation |
Minimum 10% of project costs |
| Deposit to review loan application |
$100.00 |
For more information or applications procedures,
call 813-984-8100