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Broward County > Cultural Home > Funding > Micro Credit > Application Requirements

Artist Micro Credit Program logo

 

The Artist Micro Credit Program is designed to assist Broward-based practicing, professional, and emerging artists, to advance their work and careers. A premise of the program is that “gaps” exist in traditional lending markets and that some creditworthy artists, and their artistic businesses, cannot qualify for financing. This program provides assistance to eligible individual artists and arts-related businesses, who cannot obtain funding from conventional sources.

 

Application Requirements
  1. Attend an Artist Micro Credit Program Application Workshop
  2. Complete an Artist Micro Credit Program Application (PDF)
  3. The following attachments must be attached to the original application: 

If the loan request is from an Individual Artist, please include: 

  • Artist Statement 

  • Resumé - include work history, educational background, professional affiliations and honors and special skills

  • Certificate of completion from the Artist as an Entrepreneur Institute 

  • If the loan request is from an Artist’s established business, please also include, if applicable:
           Copies of leases
    -- All agreements currently in force between your company and a leasing agency.
           Legal documents -- All legal papers pertaining to your legal structure proprietary rights insurance, titles, permits, etc.

  • hand holding penBusiness Plan (all applicants)

  • Project  Summary

  • Objective(s) of the funding request.

  • Services: Description of artist’s overall services, or the artist’s company summary (the business)

  •      1.      Product Description
    2.       Competitive Comparison
    3.       Future Products

    • Analysis of Marketplace Summary

         1.       Market Segment Strategy
    2.       Market Needs
    3.       Market Trends/Competitors
    4.       Target Market for Product or Service  

    • Strategy and Implementation Summary

         1.       Competitive Edge
    2.       Sales Strategy
    3.       Sales Forecast
    4.       Pricing
    5.       Alliances

    • Web-site Plan/ Marketing  Summary

    • Management Summary

         1.       Personnel

    • Financial Plan

         1.       Projected Profit and Loss
    2.       Projected Cash Flow

    • Letters of reference -- Letters recommending you as being a reputable and reliable business person worthy of being considered a good risk. (Include both business and personal references.)

    • Proof of Income - with the Original Application, only, a copy of IRS Form 1040 from previous year.

Contact Info

 
For more information about the Artist Micro Credit Program and the Artist as an Entrepreneurial Institute contact:

James Shermer, Grants Administrator
Broward Cultural Division
100 South Andrews Avenue, 6th Floor
Fort Lauderdale, FL 33301-1829
954-357-7502 ● 954-357-5769 Fax
jshermer@broward.org

Cheryl D. Cook, Economic Development Specialist
cherylc@sfrpc.com

Joyce Hall, Financial Specialist
South Florida Regional Planning Council
3440 Hollywood Boulevard, Suite 140
Hollywood, FL 33020
954- 985-4416 ● 954-985-4417 Fax
jhall@sfrpc.com

 

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