ILP Program

The ILP Loan Program is designed to provide funding to small businesses that do not fit the typical profile of most financial institution and alternative lending sources due to small size of business or length of time in business. Types of loans provided by the program are as follows:

  • Term Loans – These loans are typically used to provide funding for equipment purchases and vary in duration from two to a maximum of seven year.
  • Lines of Credit – Lines are typically used for funding working capital of the business entity. Duration is usually one year (12 months) in duration with review/renewal/ or restructuring after 12 months.
  • Small Owner Occupied Real Estate Loans – The business must occupy at least 51% of the building. Duration of these loans are typically not greater than 10 years, yet can be amortized over longer period of time such as 15 to 20 years.

All loans must be sufficiently collateralized. There is no minimum loan size, the maximum debt allowed to any one business entity is $200,000.

Need Help or Have Questions? Toll Free: (800) 850-2504

Southwest Florida
Chelsea LaRue: (727) 415-2185

South Florida
Beth Herdegen: (305) 331-7085
North & Central Florida
Patty Ingram: (352) 857-6398
Community Advantage Program Manager
Michael Frid: (727) 723-4003