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.
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