Small Business Programs

 

The Department of Economic Opportunity offers many programs to help small businesses, including loans, loan guarantees, tax credits, and technical assistance. Please download our brochure to see details on what we can offer your small business.

Our Programs:


BLACK BUSINESS LOAN PROGRAM (BBLP)

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.

MICROFINANCE PROGRAM
The purpose of the Microfinance 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.

NEW MARKETS TAX CREDIT PROGRAM (NMTC)
The New Markets Tax Credit Program is established to encourage investment in rural and urban low-income-communities by providing state tax credits to individuals or entities that invest in qualified businesses located in these low-income communities.

STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)
The SSBCI program supports access to capital for small businesses and entrepreneurs by provision of the following sub-programs:

Lender Advantages:

  • Credit enhancements to strengthen bank loans and reduce risk.
  • Delegated lending model where lenders manage underwriting
  • Streamlined procedures and quick response to project loan requests
  • Opportunity for Community Reinvestment Act (CRA) credit.

Business Advantages:

  • Increases access to capital and credit
  • Provides business management training and technical assistance
  • Includes eligibility for newly established or growing small businesses
  • Offers flexible use of funds - startup costs, working capital, and the acquisition of real estate, materials, fixtures and equipment 

If you are interested in a DEO presentation about Small Business Programs, or want materials or other services, please submit your request in the space below, and we will contact you. Although we request 60 days advance notice, we will do our best to accommodate your needs.

 

Contacts

  • Marianne Arbulu

    Small Business Programs Manager
     
    (850) 717-8519
An equal opportunity employer/program.  Auxiliary aids and services are available upon request to individuals with disabilities.
All voice telephone numbers on this website may be reached by persons using TTY/TDD equipment via the Florida Relay Service at 711.
You have selected a link to a website that is outside of the floridajobs.org domain. Control of the content of this website belongs to the website's owner and not to the Department of Economic Opportunity.
OK
 
Cancel