TEDCO LOAN PROGRAM
Tampa-Bay Economic Development Loan Program is designed to foster the economic development and financial growth of small businesses in the Greater Tampa-Bay area.
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.
LOAN CRITERIA
| Loan Amount |
Minimum $10,000
Maximum $75,000
|
| Use Of Loan Proceeds |
Any business need |
| Eligibility |
Must be a for profit business.
Demonstrate the ability to repay the requested loan.
Must have experience in their selected industry if starting a new business.
|
| Ineligibility |
- Non-profit entity
- Investment company
- Passive income properties
|
| Term |
Varies based on the purpose and collateral. |
| Repayment |
Amortization schedule |
| Collateral |
Required |
| Borrower's Cash Participation |
Minimum 10% of project costs |
| Deposit to review loan application |
$100.00 |
| TEDCO Loan Committee Review |
Required |
For more information or applications procedures,
call 813-984-8100