GulfCoast Business Finance, in privately managed investment vehicles tract — with a majority of employees working
Inc. targeting low-income communities. By investing at the site — and in an area of Greater
in CRF’s NMTC funds, investors can receive tax Economic Distress.
GulfCoast Business Finance, Inc. (GBF) is a credits worth more than 30 percent of the N For Business Loan funding, a project must
private, nonprofit- community-based amount invested. The Business Loan program is demonstrate community impact, including:
organization established to help Florida available for projects located outside of NMTC • Job retention or creation
businesses access financial capital and eligible areas. • Revitalization or stabilization of low
economic development technical assistance. to moderate - income communities
As a national leader providing a secondary •Located in targeted business revitalization
GulfCoast is licensed by the U.S. Small Business market for community development loans, CRF area
Administration (SBA) as a "Certified is using the NMTC program to help GulfCoast •Serves disadvantaged business owners
Development Company,", and provides fixed- Business Finance, Inc. and other lending •Serves non-profit businesses
asset SBA loans to finance the acquisition of real partners drive capital into communities.
estate and equipment.
Terms & Conditions
It is also a Qualified Lending Partner of Benefits
Community Reinvestment Fund, USA (CRF) N Interest rates are fixed
and originates and services loans through the N Banks participate in the project in a first lien
New Markets Tax Credit (NMTC) and the position N Term on real estate is either 20 or 25 years
Business Loan programs. N Attractive fixed interest rates
N For commercial real estate and equipment N Term on equipment is 7 years
N Available with long terms ( 20 – 25 years)
N Low down payment keeps more cash in N Loan to value of 85%-90% on real estate
Our Lending Partner -
business for operating capital.
Community Reinvestment N Allows for purchase, expansion or
N Loan to value of 50% on M&E
Fund, USA renovation of property N CRF loan size from $50,000 to $1.5 million
N May allow a borrower to move from renting to
Community Reinvestment Fund, USA, a owning, providing stability by controlling N Prepayment penalty applies
Minneapolis-based nonprofit organization, is the occupancy costs while building assets
nation’s leader in bringing capital to public and N Loans must be personally guaranteed
private community development lenders
through its secondary market for loans. Formed Requirements
in 1988, CRF has injected hundreds of millions
Other Services
of dollars into economically under served N Business must have a two- to three-year
communities throughout the country to help operating history GulfCoast Business Finance, Inc. was formed in
stimulate job creation and economic N Business must have a positive credit history 1982 to promote the economic growth and
development. N Business must have positive cash flow development of expanding small businesses and
N Project must be 51% occupied by business assists businesses throughout the State of Florida.
The (NMTC) program provides a tax credit to N For New Markets Tax Credit funding, a
investors who make qualified equity investments project must be located in a targeted census GBF processes and services SBA 504 fixed-asset
loans and small business emergency disaster
loans. It also provides technical assistance to
small business, lenders and economic GulfCoast
development organizations by providing referral
services, lender training and financing Business
workshops.
Finance, Inc.
For more information:
Phone: (800) 850-2504
Fax: (727) 822-2504
Tampa Bay: (727) 895-2504
Orlando: (407) 420-4875
Port Charlotte: (941) 441-7796
E-mail: info@gulfcoastbiz.com
Web site: www.gulfcoastbiz.com
www.sba.gov
A Private Not-for-Profit Organization
Dedicated to Assisting Florida
Business Expansions
~ Community Reinvestment Fund,
USA New Markets Tax Credit
Program ~
"Capital for Communities ~
Opportunities for People"