Funding Amount

$1.2 million total; average loan $100,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Small Business Loan Program

Overview: Loan program for island businesses struggling to recover from Hurricane Ian.

Program Details:

  • Launch Date: Recently announced (as of October 2024)

  • Availability: Limited time

  • Total Fund Amount: $1.2 million available for distribution

  • Average Loan Amount: $100,000

  • Geographic Scope: Sanibel and Captiva Islands, Florida
  • Loan Terms:

  • Competitive interest rates

  • Interest-only payments first year

  • Four-year repayment term thereafter
  • Eligibility:

  • Island businesses impacted by Hurricane Ian

  • Seeking recovery and rebuilding assistance

  • Independently owned operations
  • Partnership: Sanibel Captiva Community Bank

    Status: Program has $1.2 million to distribute through individual loans; currently accepting applications

    Contact Information:

  • Program Partner: Sanibel Captiva Community Bank

  • CFI Executive Director: Dolly Farrell

  • Email: info@sancapcfi.org / dfarrell@sancapcfi.org

  • Phone: (239) 322-3818

  • Mailing Address: P.O. Box 1429, Sanibel, FL 33957

  • Website: MyCFI.org
  • How to Apply

    Loan Application Process

    1. Contact Sanibel Captiva Community Bank: Inquire about loan application process
    2. Submit Application: Provide business information and loan request details
    3. Documentation: Submit financial statements, business plan, and evidence of Hurricane Ian impacts
    4. Loan Review: Bank reviews application and determines eligibility
    5. Approval & Disbursement: Approved loans disbursed with agreed-upon terms

    Required Documentation:

  • Business registration and ownership information

  • Financial statements or tax returns

  • Description of hurricane-related losses

  • Business recovery/rebuilding plan

  • Personal financial information
  • Loan Features:

  • Competitive interest rates

  • Flexible terms: Interest-only first year, then 4-year repayment

  • Individual loan structuring available
  • Focus Areas & Funding Uses

    Fields of Work

    small-businessesdisaster-relief

    Categories

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