Rebuild Florida Business Loan Fund
The Rebuild Florida Business Loan Fund is making $40 million in state and federal funds available to help small businesses that are still recovering from Hurricane Irma to rebuild and expand. Administered by the Florida Department of Economic Opportunity, the Business Loan Fund will target industries identified by the state as key strategic markets for future growth and will focus on creating and enhancing the diversification and resiliency of Florida’s economy. The Fund will address the current gap in available, affordable capital for businesses by providing longer term loans with higher funding levels at market interest rates.
The Business Loan Fund can provide an eligible business with up to $500,000 in financing for the following purposes:
· Inventory Purchases
· Construction or renovation
· Working capital needs
· Capital start-up loans
· Machinery and equipment purchases
· Equipment financing, and more
To learn more about the Business Loan Fund, including what businesses are eligible to apply and what activities are eligible for financing, click here.
For more information on the Rebuild Florida Business Loan Fund please call 833-832-4494 or email FloridaBusinessLoanFund@deo.myflorida.com.
For assistance in filling out the application, please contact Suzanne Specht at the FSBDC @ FGCU– 239-745-3704 or sspecht@fgcu.edu
