State Expands Rebuild Florida Business Loan Fund Lending Guidelines

Counties given up to $40 million for small businesses

Posted

Tallahassee, FL - Governor Ron DeSantis announces an expansion to the lending guidelines of a fund aimed at "enhancing the diversification and resiliency of Florida’s economy."

Per a release from the Gov. DeSantis' office, these guideline changes to the Rebuild Florida Business Loan Fund will help businesses by offering higher funding levels at below market interest rates. Furthermore, the changes will expand the fund's availability to Florida businesses.

Because of those changes, up to $2.5 million in financing is now available for a single business applicant.

“My administration is committed to ensuring that Florida businesses remain strong and resilient,” said Gov. DeSantis. “The expansion of lending guidelines for the Rebuild Florida Business Loan Fund program allows the state to provide access to capital that certain businesses may otherwise not be able to access.”

DeSantis' release further stated that up to $40 million has been made available in all of the state's counties for small businesses. An additional $10 million is also available to assist small businesses located in the following counties impacted by Hurricane Michael.

“Now more than ever, it is important for (us) to continue to champion programs that help Florida businesses gain access to affordable capital,” said Florida Department of Economic Opportunity Executive Director Dane Eagle.

For a full breakdown on lending guidelines, loan requirements, and how to apply be sure to visit the Rebuild Florida Business Loan Fund website.

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment