Micro-Loans
ACCION USA
HBIF is a proud partner of ACCION USA, Florida's largest micro lender, which provides financing between $500 to $50,000 to small business entrepreneurs who do not qualify for a traditional bank loan due to poor or lack any credit history. This program is available all small business owners in Florida.
Anyone interested should stop by the HBIF offices in downtown Orlando to apply for a loan or to request more information about the program. The information is available in English and Spanish.
SBA Loans
For companies who are looking for more than $50,000, an SBA loan may be the best option. SBA loans are offered through private banks with an SBA guarantee.
Some of the bank requirements to qualify for a SBA loan are:
- Credit score of at least 620
- Business plan
- Capital injection of at least 30%
- Industry experience
HBIF can assist you obtain a SBA loan by creating a business plan, preparing the loan application and presenting your business concept to the bank.
Conventional Loans
Conventional loans are generally available for existing companies who are seeking to expand their business. To qualify for conventional lending the company and owner(s) must have a good credit history and be in a solid financial position. For more information on conventional loans please contact your bank representative as banks have varying loan products and requirements.
Updated 3/5/2010 10:58:32 AM | B. Johnson
