Who is Eligible?

• Business should be located in South Florida (preferred). Other locations will be considered case by case.
• Company must have not less than 2 years of operating history under the same ownership.
• Fico scores of 670 or more for all owners of 20% ownership interest.
• Company must be currently operating at breakeven, including existing indebtedness.
• Renovation of existing facilities.
• Purchase of fixed assets.

Loan funds can be used for:

• Working capital for business expansion.
• The acquisition of real estate for corporate use, including land, building and soft costs.
• Consolidation of corporate debt (Debt must be current- no late payments for 36 months).
• Change of ownership interests -buying out a partner.
• Renovation of existing facilities.
• Purchase of fixed assets.

Prohibited Industries & Businesses.

• Gas Stations.
• Contractors engaged in construction, renovation or maintenance of residential and commercial real estate.
• Non-franchised restaurants (with exceptions).
• Bed and Breakfast Inns.
• Fishing Industry.
• Agricultural production dependent businesses.
• Therapeutic massage businesses.
• Landscapers.
• Hairdressers, nail salons and barbers.
• Printers/copy shops.
• Vehicle based businesses.
• Home based businesses.
• Not-For-Profits.

High Risk Businesses. (May be considered eligible)

• Residential care facilities.
• Marinas.
• Commercial boats and slips.