Providing access to capital to foster startup,
growth and expansion of small business.
Applicants may be a startup, newly established, or growing small business.
The business must be organized for profit.
The business must be located in Palm Beach County, Florida.
The business must be creditworthy and demonstrate reasonable assurance of repayment of the loan.
Working capital - up to 10 years
Furniture, fixtures, materials, supplies, and equipment - up to 10 years if the useful life is 10 years or less; up to 25 years if the useful life exceeds 10 years
Real estate - 25 years
Loans may only be used for working capital, real estate (except for real estate acquired and held primarily for sale, lease, or investment), or the acquisition of materials, supplies, furniture, fixtures, or equipment.
Collateral is required (may include security, pledge and/or guaranty)
PLEASE CONTACT PARAGON DIRECTLY AT
TO DISCUSS YOUR BUSINESS FUNDING NEEDS.
Lake Worth CRA Small Business Loan Program
The goal of the Lake Worth CRA Small Business Loan Program is to encourage new business, improve the appearance of the City’s Artisanal District and provide needed services and jobs to area residents.
Paragon is a certified Community Development Financial Institution (CDFI) and relending intermediary of the U.S. Small Business Administration dedicated to providing comprehensive financial services, training and asset development for businesses in Palm Beach County, FL. Paragon provides access to capital through its loans to businesses that demonstrate a strong business model, an experienced management team and the potential to thrive and grow.