Florida black business loan program

In the coming months, the Department of Economic Opportunity will submit a plan to the Treasury that details how Florida will utilize SSBCI funds to provide access to capital for targeted small business population s. More information will be available pending guidance from the Treasury. The purpose of the Microfinance Guarantee Program is to improve the ability of entrepreneurs and small businesses to access capital offering loan guarantees to lenders that extend credit.

The Black Business Loan Program offers alternative lending solutions to Florida-based black owned small businesses by providing short-term loans and technical assistance. Prospera provides technical assistance and financial education to Hispanic-owned businesses and entrepreneurs. The Urban League of Broward County provides technical assistance and capital to entrepreneurs and minority-owned businesses.

The limited state loan guarantee applies only to 50 percent of the primary lender's loan for redevelopment projects in Brownfield areas with two exceptions for healthcare facilities or affordable housing provided they meet the Additional information:. Small and Minority Business Programs. Business Advantages Increases access to affordable long-term capital without the high down payment requirements often associated with conventional financing programs; Includes eligibility for newly established or growing small businesses; Offers flexible use of funds - startup costs, working capital and the acquisition of real estate and other major fixed assets; and Provides business management training and technical assistance.

Florida Small Business Emergency Bridge Loan The Florida Small Business Emergency Bridge Loan Program provides short-term, interest-free working capital loans that are intended to "bridge the gap" between the time a major catastrophe hits and when a business has secured longer term recovery resources. We have over a hundred and eighty-one thousand Black businesses in the state of Florida.

Source: Small Business Administration Because our economy overall in this country is healthier when as many small businesses as possible are out there creating jobs. Endpage: Bank of America Logo Learn more at bankofamerica. All rights reserved. Explore more. Help for small businesses in Old Dominion. Supporting small businesses through community development financial institutions. Taking action to support our communities, clients and teammates.

Workforce Board Resources. Auxiliary aids and services are available upon request to individuals with disabilities. You have selected a link to a website that is outside of the floridajobs.