SBA Microloans
Loans from $2,000 to $50,000 for small and micro-business.
SBA Microloans
Designed to assist new and existing small businesses with startup and growth capital. Available in amounts from $2,000 to $50,000 with a term from 1 to 6 years. Funds may be used for inventory, machinery, equipment, improvements and working capital.
CEII Business Training
Starting and running a small business takes dedication, passion, and time. It takes information, connections, and new skills. At CEII, we provide free classes and free one-on-one business coaching to develop your business, strengthen your systems, work smarter with your team, and increase profit margins.
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.
Contact
CEII Lending Office => (850) 595-6234 x203
[email protected]
Location
302 N Barcelona Street
Pensacola, FL 32501