Business Financing
Our financing program is designed to assist in the start-up, expansion and maintenance of small businesses in Lakeland. Eligible applicants must make every effort to access financing through conventional means. We cannot lend dollars for goodwill, land or real estate.
Loans are available up to a maximum of $150,000, are negotiated at competitive interest rates and are amortized over a maximum of 5 years.
Loans can be used for:
- Starting or expanding a business
- Applying new technology to your business
- Upgrading facilities and equipment
- Developing marketing and promotions material
- Establishing working capital for anticipated sales increases
Eligibility
Applicants seeking financing must:
- Have a viable business plan and cash flow statements
- Be planning to operate their businesses within the Lakeland region.
All loan applications require Community Futures Lakeland board approval.
