Revolving Loan Fund Program

For businesses in:

South Florida

Provided by:

South Florida Regional Planning Council

Ideal for:

Small Business Loan Seekers

Low interest rate business loans up to $500,000 for small businesses that are able to provide collateral.

Coming Soon

Benefits

  • Loans between $25,000 and $500,000 available for small businesses.
  • Fixed interest rate of 3 – 4%.
  • Loan term of up to 10 years.
  • Customized payment structures available to borrowers depending upon their individual cash flow needs.
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Eligibility

  • Open to all existing small businesses, sole-proprietors, and nonprofits located in Broward, Miami-Dade, and Monroe Counties who are unable to obtain conventional financing.
  • Funds cannot be used for acquisition of a business, business assets, or stock.
  • Applicant must show proof of having attempted to secure financing through a conventional banking institution.
  • Personal guaranties by all parties with more than 20% ownership interest will be required.

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Application

This program will provide loans of up to $500,000 to small businesses in Monroe, Miami-Dade, Broward, and Palm Beach counties who have been devastated as a result of the coronavirus pandemic.

Review details about this loan program at the Revolving Loan Fund Information Page.

**We strongly recommend contacting Jeff Tart, Senior Loan Officer at South Florida Regional Planning Council, before completing the application.**

Contact Information: Jeff Tart, jtart@sfrpc.com, (954) 924-3653

Apply Now

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

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Requirements

  • Names of all stockholders, partners, owners and officers and percentage of ownership.
  • List of key officers, managers, and employees.
  • Copy of your organization’s business plan.
  • Business banking information.
  • Business credit relationships.
  • Exact amount of funding requested.
  • A detailed list of available collateral.
  • Estimated annual taxes to be paid once project is fully operational.