Small Business Programs

 Small Business Programs:

The Black Business Loan Program provides loans, loan guarantees, or investments through Loan Administrators to black business enterprises that cannot otherwise obtain capital through conventional lending institutions but who could otherwise compete successfully in the private sector.

If the Black Business Loan Program is appropriated funds in a fiscal year by the Florida Legislature, the Florida Department of Economic Opportunity (DEO) will distribute an equal amount of the appropriation to the Loan Administrators that have been certified for that fiscal year. This is not Grant Money.

Small Business Programs:

The purpose of Florida's Microfinance Guarantee Program is to stimulate access to credit for entrepreneurs and small businesses in Florida by providing targeted guarantees to loans made to such entrepreneurs and small businesses. Funds appropriated to the program must be reinvested and maintained as a long-term and stable source of funding for the program. Back by Grant Money.

Enterprise Florida, Inc. will utilize state funds to guarantee loans made by private lenders to entrepreneurs and small businesses in Florida. Loan guarantees may only be provided on loans between $50,000 and $250,000, and a guarantee cannot exceed 50 percent of the total loan amount. Under this program, eligibility is limited to borrowers who are Entrepreneurs or Small Businesses with 25 or fewer employees with gross revenues of up to $1.5 million or less the last two years.

• Brandon Boles, Vice President of Finance and Accounting
  • Enterprise Florida, Inc.
  • 800 North Magnolia Avenue, Suite 110
  • Orlando, FL 32803
  • Phone: (407) 956-5624

EFI partners with state, federal, and non-profit organizations to provide small businesses with training, development, and financing options. As a central hub of this extensive network, EFI’s Minority, and Small Business, Entrepreneurship and Capital (MaSBEC) division is ready to help small businesses enter new markets, achieve revenue growth, create jobs and access small business loans in Florida. 

 Small Business Programs:

Identifying and investing in early growth stage companies, focused on diversified, high-quality opportunities in Florida. 

The Florida Opportunity Fund’s fund of funds program was created to realize significant long-term capital appreciation by identifying and investing in a diversified, high-quality portfolio of seed and early stage venture capital funds that target (in whole or in part) investment opportunities within Florida. Small Business Grants.