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 |
| 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 |
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| 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 |
Please contact us more information or application procedures.