Areas Served: Pinellas county
Pinellas county The goal of Clearwater Neighborhood Housing Services, Inc (CNHS) is to expand the small business lending structure in Pinellas County, Florida.
CNHS provides micro business loans to entrepreneurs, start-up, and existing small businesses, especially those in low and moderate income areas.
CNHS provides assistance to businesses in securing small business loans when conventional financing is not available.
This enables small businesses to create new jobs and economic development necessary to help sustain their communities.
CNHS utilizes these funds to make loans of up to $10,000 to new and existing small businesses.
In addition, the CNHS will provide management and technical assistance designed to help ensure entrepreneurial success and accelerate small business growth in the local community.
Use of Funds MicroLoan funds may be used for working capital or to purchase inventory, supplies, furniture, fixtures, machinery and/or equipment.
These funds may not be used to purchase real estate, to provide a down payment on a project in excess of $10,000 in value, or with limited exceptions, to refinance existing debts.
(Funding is currently unavailable for this program.
) Maturity (Life of the Loan) The maximum term allowed for a loan is five years.
However, loan terms may vary according to the size of the loan, the planned use of the funds, the requirements of the intermediary lender, and the needs of the small business borrower.
Contact InformationClearwater Neighborhood Housing Services, Inc.
Address: 608 North Garden Avenue
City: Clearwater
State: Florida
Website:
http://www.cnhs.biz/
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