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Gulf Coast Business Finance
SBA 504 Loans
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Other Loan Programs

GulfCoast Business Finance, Inc. also administers the state’s Small Business Emergency Bridge Loan Program within certain counties of the state and it can assist in locating lenders who process the SBA’s 7(a), Community Express and Emergency Disaster loan programs.

Post-Disaster Bridge Loans

Small Business Emergency "Bridge Loans" are for entrepreneurs that incur significant physical damage to their business from a natural disaster, like a hurricane. These short-term bridge loan funds can be approved in a matter of days following a disaster and amount to $25,000.

The bridge loan program is designed to provide quick cash flow to businesses so they can get their businesses back into operation immediately following a disaster.

The loans are interest-free and are payable in 180 days. To be eligible, a business owner must have been operational for one full year prior to the disaster and have verifiable physical damage to their business. Bridge loans are not available for economic injury due to decreased sales or temporary closure.

GulfCoast Business Finance became involved in this program in 2004 after Hurricane Charley and now continues it in Sarasota, Manatee and Charlotte counties. We then help connect businesses to other SBA programs for long-term post-disaster financial aid.

7(a)

7(a) loans are the most basic and most used of SBA's business loan programs. The name comes from section 7(a) of the Small Business Act.

All 7(a) loans are available on a guaranty basis, meaning they are provided by lenders that receive a guaranty from SBA on a portion of the loan. The applicant must be both eligible and creditworthy. Showing repayment ability from the cash flow of the business is a primary consideration, but good character, management capability, collateral, and owner's equity are also important considerations.

Community Express


Community Express is a pilot SBA loan program offered to pre-designated geographic areas serving mostly low and moderate income areas and New Markets small businesses. The program provides money quickly, but also includes technical and management assistance, which is designed to help increase the loan applicant's chances of success. The maximum loan amount is $250,000 with no need for collateral on loans up to $25,000. Borrowers receive pre- and post-loan closing technical and management assistance from local non-profit providers and/or from participating lenders. Community Express loans must meet the basic 7(a) loan criteria.
 
   
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