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
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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
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