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Financial Resources

Microfinance Loan Program

Access Florida Finance Corporation (AFFC) participates in Florida’s Microfinance Loan Program (MLP), which is designed to make short-term, fixed-rate microloans in conjunction with business management training, business development training, and technical assistance to entrepreneurs and newly established or growing small businesses for startup costs, working capital, and the acquisition of materials, supplies, furniture, fixtures, and equipment. Participation in the loan program is intended to enable entrepreneurs and small businesses to access private financing upon completing the loan program.

As part of our organization’s efforts to fulfill our mission, we recognize that many of our borrowers may be considered high-risk to traditional lending institutions. Our loans are designed to help create, grow, or strengthen small businesses that may not be able to get financing assistance from other sources.

AFFC provides loans to businesses that can’t obtain capital through banks or credit unions— but that could, if given the proper support, compete successfully in the private sector. We provide Florida’s small business owners with financing through the MLP. More importantly, we give businesses a chance to reach their goals and fulfill their potential.

Are you in need of up to $50,000? Do you have decent credit?  Are you a small business in Florida that may not qualify for a traditional loan? If this sounds like you, Access Florida Finance Corporation may be able to help.

Click here for additional information.

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Black Business Loan Program

Access Florida Finance Corporation (AFFC) participates in Florida’s Black Business Loan Program (BBLP), which is designed to:

  • Strengthen Florida’s economy by increasing the number of qualified black business enterprises, which in turn will increase competition in the marketplace and improve economically depressed neighborhoods;
  • Increase employment opportunities for black Floridians, and the population in general;
  • Provide role models and establish business networks to help Florida’s aspiring black entrepreneurs; and
  • Increase access of Florida’s black businesses to both debt and equity capital.

As part of our organization’s efforts to fulfill our mission, we recognize that many of our borrowers may be considered high-risk to traditional lending institutions. Our loans are designed to help create, grow, or strengthen small businesses that may not be able to get financing assistance from other sources.

AFFC provides loans to black businesses that can’t obtain capital through banks or credit unions— but that could, if given the proper support, compete successfully in the private sector. We provide Florida’s small business owners with financing through the BBLP. More importantly, we give black businesses a chance to reach their goals and fulfill their potential.

Are you in need of up to $10,000? Do you have decent credit? Can you summarize in one or two pages why your business needs the money? Are you a black business in Florida that may be short on collateral for a traditional loan? If this sounds like you, Access Florida Finance Corporation may be able to help.

Click here for additional information.

Rural Business Loan Program

Access Florida Finance Corporation (AFFC) partners with the United States Department of Agriculture (USDA) to provide rural businesses with loans up to $150,000 in the following Florida Counties:

  • Calhoun
  • Gadsden
  • Gulf
  • Holmes
  • Jackson
  • Washington

Any business with 50 or fewer employees and $1 million or less in revenues located in any city with a population of 25,000 or less in any of the above counties can qualify for a USDA Loan. If your business is located in a city of 25,000 or less, but not in one of the above counties, please contact our office to see if there is a way we may help your business get financed.

As part of our organization’s efforts to fulfill our mission, we recognize that many of our borrowers may be considered high-risk to traditional lending institutions. Our loans are designed to to strengthen Florida’s economy by increasing the number of successful small businesses and employment opportunities for rural Floridians and the population in general. To achieve this mission, AFFC provides financing and procurement and technical assistance to rural businesses and entrepreneurs.

AFFC provides loans to rural businesses that can’t obtain capital through banks or credit unions— but that could, if given the proper support, compete successfully in the private sector. We provide Florida’s small business owners with financing through the USDA. More importantly, we give rural businesses a chance to reach their goals and fulfill their potential.

Click here for additional information.

Community Redevelopment Agency Commerical Facade Improvement Program

Program is available to eligible properties located within the boundaries of the Frenchtown Southside Community Redevelopment Area and the Downtown Community Redevelopment Area.  Eligible applicants can recieve grant funding of up to $50,000 for facade improvements on commerical structures.  This is a matching grant which requires the applicant to contribute to the improvement costs and the applicants contributions are match on a dollar for dollar ratio up to the maximum grant amount of $50,000.  The grant award is provided as a five-year zero interest loan to the property owner.  The loan is forgiven over the five year term.

Urban Job Tax Credit Program

The Tallahassee Urban Job Tax Credit Program (UJTCP) Area was designatged in September 1998 and consists of two non-contiguous ares in the Frenchtown and Southside communities, totaling approximately 5.6 miles.  The UJTCP provides state tax credits of between $1,000 and $1,500 per new employee for eligible businesses that locate or expand within the designated area.  Tax credits can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax.

http://www.talgov.com/ecd/ecd-economic-businecent.aspx


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Targeted Business Pilot Program

A joint City/County program that provides a rebate for a portion of property taxes, development and permit fees to promote business recruitment and expansion.  The level of assistance provided is based on a number of criteria including:  number of jobs created, salary levels, and capital investment.

ELIGIBILTY REQUIREMENTS

Program applicant must be located within the Tallahassee City limits and must qualify as a targeted industry.  Current targeted industries are:  Advanced Transportation Systems, Assocations and Corporate Headquarters, Distrbution Centers, Healthcare Delivery and Related Products/Services, Financial and Insurance Services, Information Technology, Light Manufactoring of Electronics, Magnetic Research Commercialization, Advanced Technology and Reserach and Development.  Applicant must demonstrate that will create a minimum of 10 new jobs.

SELECTION AND AWARD PROCESS

Applications are evaluated and scored by an review committee and funding recommendations are presented to the City Commission and County Board of Commissioners for approval.

Historic Property Grant and Loan Program

This program was established by the City of Tallahassee to provide financial assistance to property owners as an incentive to restore/rehabiliate eligible historical structures.  The program is available to all privately owned properties in the City that are listed in the Local Register of Historical Plance and have a Historic Preservation Overlay (HPO) zoning designation.