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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

  • BIG BEND MINORITY MiCroloan Program

    Must be a member of the Big Bend Minority Chamber of Commerce in order to qualify for the loan.

    For more information, head to the BBMC website

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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