Micro Eligibility Requirements

CEII is a U. S. Small Business Administration Microloan  Intermediary, for North West Florida (22 counties) and 45 Counties in Alabama.  Click here for a list of available counties we serve.

PROJECT ELIGIBILITY
Any business located in the CEII’s service area needing no more than $50,000 may be eligible.

USE OF PROCEEDS
The funds you borrow can be used for working capital, purchase of inventory, supplies, furniture/fixtures, raw materials, and machinery/equipment for your business. The funds cannot be used to purchase real estate or refinance existing debt.

MAXIMUM AMOUNT
The SBA guidelines set the maximum loan amount at $50,000, and may be combined with a bank loan for total financing of $105,000.

INELIGIBILITY
Non-profit organizations (except day cares), financial business primarily engaged in the business of lending, passive businesses owned by developers and landlords, life insurance companies, pyramid sale distribution plans, businesses that derive more than one-third of its revenue from gaming, business engaged in any illegal activities, private clubs and business which limit the number of membership for reason other than capacity, government owned entities, business engaged in the teaching, instructing, counseling, or indoctrinating religion or religious belief, adult entertainment, and business which derive one hundred percent of it’s revenue from the sale and consumption of alcohol beverages.