Accelerate Small Business Loan Program continues to support island

Accelerate loans aid island businesses

The Accelerate Small Business Loan Program, run by the Charitable Foundation of the Islands and Sanibel Captiva Community Bank, has lent more than $960,000 to 11 island businesses since it was created after Hurricane Ian.

Key points Accelerate loans aid island businesses
  1. The Accelerate Small Business Loan Program, run by the Charitable Foundation of the Islands and Sanibel Captiva Community Bank, has lent more than $960,000 to 11 island businesses since it was created after Hurricane Ian.
  2. The revolving fund still has money left from its original $1.2 million and has seen no loan defaults, with the bank and foundation donating their services so more money goes to businesses.
  3. Loans of up to $100,000 remain open to Sanibel and Captiva businesses, and the program is now helping entrepreneurs new to the islands.
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Reported by

Island Reporter

captivasanibel.com

Lee County, FL

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