Rebuild Florida Business Loan Fund

Florida Department of Economic Opportunity (FLDEO)

Florida
U.S. CITIzens and residents
Coming Soon

The Rebuild Florida Business Loan Fund provides access to affordable capital through finance loans for new business start-up or expansion. This fund will assist existing and new small businesses that were impacted directly or indirectly by a disaster with rebuilding and expanding by providing eligible businesses with up to $500,000 in financing for working capital, machine and equipment, construction, inventory and more.

Benefits

  • Up to $500,000 in financing for working capital, machine and equipment, construction, inventory and more
Show more

Eligibility

  • Business must be located and operating primarily in the state of Florida
  • Business must be owned and controlled by persons who are lawfully in the U.S. and have an appropriate work Visa
  • Business must be legally able to contract debt
  • All owners of 20% or more of the borrowing entity must guarantee the loan and therefore provide all required documentation
  • An Experian credit score of 650 or higher (a score below 650 may be considered in certain circumstances and additional collateral may be requested)
  • No bankruptcy within the last five (5) years
  • Provide contracts, bids or estimates for the following purchases:
  • Real estate, furniture, fixtures and equipment; and/or
  • Renovation, improvement or construction
  • Refinancing existing debt is a prohibited use of loan funds unless you can demonstrate sound economic justification

Show more
Go back
Heading
No items found.

Application

Apply Now

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

No items found.

Requirements

In order for your application to be considered complete, you must provide the following:

  • Copy of a valid ID for each owner;
  • Copy of current county business license;
  • Previous six (6) months of bank statements of all business accounts;
  • Business plan;
  • Three-year schedule of jobs that will be created as a result of the loan with average wage annual salary;
  • Tax returns from previous three (3) years;
  • Business organizational documents;
  • Articles of Incorporation or Organization;
  • Resumes of key management personnel; and
  • Personal financial statement of owner(s).

Sign up for updates

Get notified with new programs when they are available.