Revolving Loan Fund Program
South Florida Regional Planning Council
Small Business Loan Seekers
Low interest rate business loans up to $500,000 for small businesses that are able to provide collateral.
- 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.
- 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.