January 19, 2021

With the passage of the latest COVID-19 CARES Act legislation, the Small Business Administration has re-opened the Paycheck Protection Program (PPP) for 2021. 

Whether you are a first-time applicant or applying for a second draw loan, Florida nonprofits and small businesses can apply now through Florida Community Loan Fund (FCLF).​ 

Florida Community Loan Fund is pleased to provide access to PPP loans to Florida nonprofit organizations and small businesses. 

• Our PPP focus is on nonprofit organizations based in Florida.
• Small businesses can also access PPP through FCLF’s network.
• You do not need to be an existing FCLF borrower to apply. (Spread the word!)
• No minimum loan size – we want all eligible PPP borrowers to have access 

FCLF Staff is on hand and ready to answer your questions about the program and coach you through the process to ensure your application is complete. We want to make sure all Florida nonprofits and small businesses that qualify can access PPP.​

FCLF’s core purpose is to maximize opportunities for people and places outside the economic mainstream. Since our beginning 25 years ago, FCLF has supported Florida’s nonprofit sector. As a CDFI, we also want to make sure that small businesses, especially minority- and women-owned, have access to PPP loans.

For nonprofits seeking to access PPP, FCLF is partnering with the Community Reinvestment Fund, USA (CRF). This partnership brings together FCLF’s knowledge and experience in lending to Florida nonprofits, and CRF’s experience as an SBA-qualified lender. Members of the FCLF PPP team are available to assist you in submitting your application through CRF.

If you are a small business you can also apply through FCLF directly or through one of our peer CDFIs specializing in small business lending.

Whether your organization is a nonprofit or a small business, you can take the first step by clicking on this link to start your PPP application.

Thank you for all your work in and commitment to Florida’s communities.

Recap of the Paycheck Protection Program, or PPP:

• PPP is essentially a cash-flow assistance program guaranteed by the federal government
• Loans are low-interest and partially-to-fully forgivable with no personal guarantee or collateral required
• Loans are for up to $10 million for first-time applications and up to $2 million for second draw applicants
• Loans are designed to cover costs related to payroll, operations, rent, utilities, mortgage interest, certain operations expenditures, property damage costs, supplier costs, and worker protection expenditures
• Borrowers can set the covered period of their PPP loan to any length between 8 and 24 weeks to best meet their business needs
• Loans are available through SBA-qualified lenders (our partner CRF is qualified)
• Loans must be funded by March 31, 2021

First-Time Applicants:

• Must have under 500 employees or meet the SBA’s alternative industry size standards
• Must have been open on or before 2/15/2020 and remain operational

Second Draw Applicants:•

Must have previously received a PPP loan and will use or have used the full amount only for authorized uses 
• Must have under 300 employees or meet the SBA’s alternative industry size standards.
• Must have been open on or before 2/15/2020 and remain operational
• Must have experienced at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020