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Kristin Douglas
Loan Guidelines
Maximum Loan — $100,000.00 Minimum Loan — $10,000.00 Application Fee — $100.00 Job Creation Rate — 1 per $10,000.00 Maximum Term — 10 years Rates — Fixed
Ineligible Purposes
Refinancing existing debt or payments to business owners or partners Activities for investment purposes not directly related to job creation General improvement loans for normal replacement needs of business and unrelated to job creation Agriculture production costs (i.e. cultivation, production,…
To Apply for RLF Loan
Contact Michael White at (850) 265-3631 for pre-application materials, including: Project description Project impact Business feasibility Preliminary market data and market strategy Preliminary financial feasibility Identify management team Preliminary timeline schedule Management track record (including resumes) Source and use of…
Eligible Activities
Acquistion or construction of commercial and industrial buildings and structures Purchase of capitalized machinery and equipment with a useful life of 5 years or more Acquisition of real property for economic development Rehabilitation of deteriorated retail, commercial, and industrial buildings
Eligible Projects
Industrial or commercial development Small business expansion Business incubators Community infrastructure or facilities* Medical facilities* Training or educational facilities* * Should provide permanent jobs in rural area
Eligible Businesses
Business ventures – corporations, partnerships, sole proprietorships, and cooperatives Local governments or public entities Non-profit entities Tribal authorities
Advantages of RLF
Attractive interest rate of prime or below Local control of funds Less red tape and quicker response to funding requests Leverages funding from local financial institutions Increases funds available to local businesses
High Schools
A. Crawford Mosley High School Altha Public School Bay High School Blountstown High School Chipley High School Deane Bozeman School J.R. Arnold High School North Bay Haven Charter Academy Palm Bay Prep Academy Port St. Joe High School Rising Leaders…
Civic Organizations
Dalkeith Volunteer Fire Department Ebro Volunteer Fire Department Greenhead Volunteer Fire Department Howard Creek Volunteer Fire Department Kinard Volunteer Fire Department Mossy Pond Volunteer Fire Department Overstreet Volunteer Fire Department Sand Hills Volunteer Fire Department Scotts Ferry Volunteer Fire Department…
Assistance
This program is provided in partnership with the Family Service Agency. This program allows you, the member, to contribute money hassle-free. Once you complete the form and return it to us, we will begin adding your desired donation to your…