Loans We Offer
We're here to help your financial future look a lot stronger

With our investing services, you can start making wiser financial decisions that lead to a brighter future for you and your business. We'll always provide advice that benefits you.

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    Facility Financing

    Offers 80% financing for real estate collateralized loans for building financing

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    Equipment Financing

    Offers 75% financing for equipment collateralized loan for equipment

  • Purchase Order
    Purchase Order

    Offers up to $8,000 for a purchase order or invoice  recourse financing

MICROLOAN PROGRAM
FOR MEMBERS OF BIG BEND MINORITY CHAMBER OF COMMERCE

  • Borrower must be a current member of the Big Bend Minority Chamber of Commerce
  • Minimum loan amount $5,000
  • Maximum loan amount $20,000
  • Minimum credit score for secured loans 580
  • Minimum credit score for unsecured loans 620
  • Maximum loan term 5 years secured, 4 years unsecured
  • Submission package required (BBIC loan application, business debt schedule, personal financial statement, last two years personal and business tax returns)
  • Business Plan required for businesses less than three years old. Subject business plans must be reviewed by the FAMU Small Business Development Center
  • Loan Pricing: 2% origination fee, rates ranging from 5% for secured loans within guidelines to 8% for unsecured loans within guidelines
MICROLOAN PROGRAM
Eligibility
To be eligible for NWFLBBIC services, the business must be an at least 51% black owned business who is unable to obtain capital funding assistance from a traditional lending intitution.

Businesses should be established for a minimum of two years and filed federal tax returns for two years. In order to secure a loan, businesses must be located within the Northwest Florida panhandle and have real estate or other collateral.

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