Loans

What qualifications must my business enterprise meet to be eligible for a FCBBIC loan?

To qualify for a FCBBIC loan, your business enterprise must meet the following criteria:

1. At least 75% black owned and controlled (owners must be Legal U.S. Permanent Residents)
2. Organized to engage in commercial transactions.
3. Agree to provide the FCBBIC with all information deemed necessary for assistance.
4. From experience or research, the principal(s) shall demonstrate a basic knowledge of his and/or her industry or business.
5. The business must meet regulatory requirements, i.e. permits, zoning, etc.
6. The First Coast Black Business Investment Corporation loans must create or maintain employment opportunities.
7. All applicants considered for loans must complete a FCBBIC applicant and pay a non-refundable $50.00 application fee.
8. Must meet all other requirements as outlined by the Loan and Investment Committee.