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Pen Air has the borrowing solution you need.

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COVID-19 UPDATE FOR SMALL BUSINESSES

The Small Business Development Center has Federal Disaster Loans available for small businesses in both Alabama and Florida.

On Monday, March 16, 2020, Governor DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program.

This program is available to small business owners in Florida that experienced economic damage as a result of the COVID-19 outbreak.

Loans are available up to $50,000 per eligible small business. Loans of up to $100,000 may be made in special cases.

Term is one year.

Interest-free for one year. 12% annually on any unpaid balance thereafter.

For-profit employers with 2-100 employees that maintain a place of business in Florida and can show financial harm due to the COVID-19 disaster.

Application deadline is May 8, 2020.

Learn more about these loans by visiting:

Florida

Alabama


 

Business Loans

When it’s time to grow, we can help. Pen Air’s business financing options help growing businesses keep pace with their expanding needs. So whatever your plans entail, we can help you get the job done. We offer competitive rates and terms. We offer lending solutions to fit your needs:

  • Business Vehicle Loans
  • Business Term Loans
  • Equipment Loans
  • Commercial Real Estate
  • Investment Real Estate
  • Business Line of Credit
  • Business Credit Cards
  • SBA 504 Eligible Lender

For more information on SBA 504 Eligibility and to see  if your business qualifies:

SBA 504 Eligibility

Pen Air knows that your time is very valuable, so we make applying for business loans easy.

Required Documents:

  • Business Application (Signed by any owner with at least 20 % interest)
  • Personal Financial Statement (Completed by an owner with at least 20% interest)
  • Schedule of Business Debt

In business, the right partner is everything. We’re ready to help you reach your business goals and we’d like to save you time and money along the way. Contact the Business Solutions team by email or call 850.505.3200 Ext. 7380.

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