Revolving Loan Fund


      Loan Criteria

  • Business must be located in Miami-Dade, Broward or Monroe counties

  • Existing business looking to expand or relocate, create jobs and/or retain jobs

  • Provide opportunities for business where credit is not otherwise granted:

    1. Applicant must attempt to secure conventional financing first before applying

    2. Must show proof of denial from conventional financier

    3. Funds can only be used for gap financing when a bank is the first lien holder

  • Owner must have a 10 to 20 percent equity stake in the project

  • Funding cannot be used for the acquisition of a business, business assets or stock

  • Funding cannot be used by churches, nonprofit, civic nor fraternal organizations

  • Unsecured lending is not permitted

  • Funding cannot be used as a line of credit

  • Meet application requirements
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RLF

This page and all contents prepared by the South Florida Regional Planning Council.
Last edited on January 22, 2009