LOAN PROGRAM

Small Business Micro Loan Fund

TCEF is designed to meet the needs of small businesses that are unable to obtain bank credit because the loan amount is too small or the business does not have a sufficiently long operating history. These small businesses, which are otherwise credit worthy, may be eligible to obtain loans of $35,000 or less from the TCEF small business/micro loan program. Some uses of the loans include the following:

	start-up costs
	equipment
	machinery
	working capital
	building improvements

Loans may vary on a case-by-case basis. However, the following generalizations apply:

	loan amounts range from $5,000 to $35,000
	loan interest rates are fixed and are higher than bank rates. The current rates range between 8 and 10%
	loan terms range from one to five years
	application and loan origination fees apply
	collateral is required on every loan along with personal guarantees

For more information, download the micro loan brochure.

How to Apply for a Loan

If you would like to discuss the possibility of obtaining a loan from the TCEF, call us at (772) 221-4060. Our lending program staff will be happy to discuss your business needs. If you meet the preliminary borrowing qualifications, we will send you a pre-application form. If you meet our pre-application criteria, we will ask you to complete a loan application package. If you need help in completing the loan application TCEF staff will provide assistance. If you need help in preparing a business plan, TCEF will refer you to an experienced technical assistance provider.

Please note that obtaining financing for your business takes time. Contact our office early to ensure that you have enough time to prepare a complete business plan and submit all required documents as requested.

Click here for more information on eligibility.

Click here for the full application checklist.

Click here to print the pre-application form.