1 Access Florida Finance Corporation

2 Access Florida Finance Corporation

3 Mission Statement To provide Access To Capital and technical assistance to black, rural and small businesses throughout Florida and the nation. AFFC will foster Economic Development and job creation by use of Federal, State and private Community Based Programs and in coordination with our strategic alliances.

4 Black Business Loan ProgramLocated in Florida Business at least 51% owned and controlled by Black Floridians Florida Resident Interest rate dependent on credit history, experience, etc. Loan is economically sound and will assist the business in becoming bankable, increase employment and grow the economy Business will be able to compete successfully with the Loan or will obtain technical or managerial support

5 Black Business Loan ProgramDirect Loans up to $250,000 Minimum credit score of 600 No real estate, auto or loan derogatories in the past 24 months Collateral – 60% LTV Documentation includes Business Plan 3 years tax returns, personal & business Financial statements, current and each of the previous 3 years Cash flow projections Term – typically 5 years

6 Black Business Loan ProgramDirect Unsecured Micro Loans up to $10,000 Minimum credit score of 625 No real estate, auto or loan derogatories in the past 24 months No Collateral required Documentation includes 1-2 page narrative on business and proposed utilization of funds Current interim financial statements – Balance Sheet and P&L less than 60 days old Term – typically 3 years

7 Eligible Projects Commercial real estate acquisition, improvements or construction Machinery & equipment acquisition Community Development Projects Create or save jobs Franchise acquisition Existing business acquisition, expansion or merger Pollution control Transportation Services Working capital New business start-up (must prove relevant industry experience) Special purposes within the scope of AFFC’s mission

8 Microfinance Loan ProgramLocated in Florida Florida Resident Interest rate is WSJ + 10% Short-term, fixed-rate microloans in conjunction with business management training, business development training and technical assistance Small and micro enterprises - < $1.5 million in sales and <25 employees; <$250,000 in sales and <5 employees Maximum loan is $50,000 Term – 12 months

9 Microfinance Loan ProgramDirect Loans up to $50,000 Maximum number of loans: 2/year, 5 total Maximum loan amount $75,000/year Minimum credit score of 625 No real estate, auto or loan derogatories in the past 24 months Collateral – 60% LTV Documentation includes Business Plan 3 years tax returns, personal & business Financial statements, current and each of the previous 3 years Cash flow projections

10 Eligible Projects Startup costs Working capitalAcquisition of materials, supplies, furniture, fixtures and equipment

11 Application Materials

12 Tips Be sure you’re applying for the right programFill application COMPLETELY Provide required supporting documentation – no more, no less Response time Unsecured Micro Loan – 3 business days from receipt of complete application package Loans up to $50,000 – Underwriting process, 7-10 business days Loans > $50,000 – More entailed underwriting process, 3-4 weeks Allow for 3-5 business days for loan closing documentation Funds wired into account

13 Contact Information Pam Tedesco Interim President 2623 Blairstone Road Tallahassee, FL 32301 (fax)