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The Black Business Loan Program provides alternative lending opportunities and technical assistance to black business enterprises that cannot obtain capital through conventional lending institutions, but could otherwise compete successfully in the private sector.
The purpose of Florida's Microfinance Guarantee Program is to improve the ability of entrepreneurs and small businesses to access capital and credit. Small business in this program is defined as entities with 25 or fewer employees, and gross annual revenues of $1.5 million on average.
The State Small Business Credit Initiative supports access to capital for small businesses and entrepreneurs by provision of the following sub-programs.
Florida Small Business Loan Support Program: To provide Loan Guarantee, Loan Participation Support, or Bridge Loans to reduce lender risk, and increase business lending activity.
Florida Venture Capital Program (Florida Opportunity Fund): An investment program to fund high growth start up and early stage companies.
A public-private partnership between Florida’s business and government leaders and is the principal economic development organization for Florida. EFI’s mission is to expand and diversify the state’s economy through job creation.