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SMALL BUSINESS LENDING REQUIREMENTS
MetroBroward makes "community development" loans to small businesses that will create jobs in and for the residents of low wealth communities. Also, at least 51% of the ownership of all applicant businesses must represent an ethnic minority. We will gladly refer you to one of our funding partners if your company does not meet this requirement. If your company meets this requirement, then use the following criteria to determine if your company fits within our lending strategy:
- Business has operated for at least one year
- Business is a for profit enterprise
- Business will create at least one job with loan proceeds
- Business is not a retail or entertainment enterprise
- Business has growth capital needs between $25-$100,000
- Business needs working capital and/or equipment for growth
- Business is located in Broward County, Florida
- Business owner(s) will provide collateral for loan
MetroBroward is an equal opportunity lender. All loan decisions are based on the above criteria and the credit history of the loan guarantor. So, when you are ready, give us a call to make an appointment or simply click the link above to download our loan application and return it with the required documentation to the address below. We look forward to helping you achieve your economic goals.
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