Business Finance Assistance


 
 Business Finance Assistance
Finance Assistance Identify available capital and financing sources for existing businesses and start-up companies.  Scoll down to access the following sections to explore opportunities to acquire Business Finance Assistance.
u  Traditional Financing - sources may include commercial banks, credit unions, finance and leasing companies.
u  Non-Traditional Financing – typically government backed programs.  It is recommended you contact your financial institution or provider first to obtain additional information and suitability for your needs.  Typical programs may include the following, however, this is not a complete list and your financial advisor will guide you through the best products for your specific financing needs.
u  Technical Assistance – many sources of technical assistance are available in the region which can help in preparing a business plan, budgets and cash flow forecasts, and financing request presentations.  Sources include: Bradenton CRA, Enterprise Florida, MCC, etc.
u  Member Resources – many members of the EDC provide advice for a variety of financing needs.  Please contact the EDC for referrals.
u  How to Begin the Process – suggestions for the information needed for the initial meeting with a financial institution or advisor.
u  Request for Assistance Form
u  Other Links
 
Traditional Financing

(financial assistance provided by local, regional and national banks, leasing companies, and savings and loan associations)
u  Term Loans (including real estate amortizing loans)
u  Equipment/Vehicle Loans
u  Working Capital Lines of Credit
u  Interest Only Bridge Loans
u  Personal Lines of Credit
u  Personal Lines of Credit
u  Lease Loans for Specific Pieces of Equipment
u  Venture Capital Loans
u  Loans under $25,000
If you are interested in any of the above, please click here for a
Request for Assistance Form
 
Non-Traditional Financing

(financial assistance provided through other-than-traditional lending sources and programs)
u  SBA Backed Loans – SBA 7(A) Loan Program
u  SBA 504 Loan Program
u  SBA Business Express (Loans up to $50,000)
u  SBA Community Express (Loans up to $250,000)
u  SBA Patriot Express (for veterans)
u  SBA Disaster Assistance (federally declared disaster)
u  State Programs – Small Business Emergency Bridge Loan Program (State declared disaster with loans up to $25,000)
u  IDRB – County Government Enhanced Financing for New Building Construction
u  Sale Lease Back of Real Estate Properties
u  Factoring Loans (Purchase of Accts. Rec., working capital)
u  EX-IM Financing (Export/Import Financing)
u  New Markets Financing Credits
If you are interested in any of the above, please click here for a
Request for Assistance Form
 
Technical Assistance

(assistance available to businesses and entrepreneurs, including counseling for start-ups, business expansions, business plans, etc.)
u  Central Community Redevelopment Agency (CCRA)
u  Central Economic Development Center (CEDC)
u  Enterprise Florida
u  Florida Finance Network
u  Gulf Coast Business Finance
u  Gulf Coast Venture Forum, Angel Investor Network
u  Hispanic Business Initiatives Fund
u  Palmetto Community Redevelopment Agency (CRA)
u  Service Corps of Retired Executives (SCORE)
u  Small Business Development Center
u  State College of Florida, Manatee-Sarasota
u  Suncoast Community Capital Corporation
u  Tampa Bay Black Business Investment Corporation
u  Tampa Bay Partnership
u  USF/Manatee Sarasota
u  Venture Capital and Resource Links
 
Member Resources u  Financial Institutions
u  Financial Advisors
u  Professional Firms (CPA's, Accountants, Attorneys)
If you are interested in any of the above, please click here for a
Request for Assistance Form
 
How to Begin the Process For Existing Businesses:
u  Last 3 years of business tax returns
u  Year-to-date balance sheet and Profit Loss Statement
u  Brief Business Plan
u  Projections for the next three years
u  Copies of Articles of Incorporation and Bylaws
u  Sources and Uses of Loan Proceeds
u  Aging of Accounts Payable and Accounts Receivable
u  Schedule of Business Debt
u  Resumes of owners holding 20% or more of the company
u  Copy of lease/Proof of ownership of facility
u  Last three years of personal tax returns
u  Personal financial statement
For New Businesses:
u  Detailed Business Plan
u  Projections for the next three years
u  Monthly Cash Flow Projection for first year
u  Copies of Articles of Incorporation and Bylaws
u  Sources and Uses of Loan Proceeds
u  Resumes of owners holding 20% or more of company
u  Copy of lease/Proof of ownership of facility
u  Last three years of personal tax returns
u  Personal Financial Statement
 
Request for Assistance Form If you would like to be contacted by the Economic Development Council for more information on Business Finance Assistance, please click the link below and complete the Request for Assistance Form online.
Request for Assistance Form
 
Other Links u  Enterprise Florida
u  Florida High Tech Corridor
u  Small Business Association
u  Startup Florida
u  Tampa Bay Partnership