Small Business Innovation

FloridaCommerce Office of Small Business Innovation promotes economic prosperity for Florida's small businesses through economic development programs to further diversify Florida's economy and create future resiliency.

These programs provide newly established or growing small businesses with access to capital, technical assistance and business management training to small business owners to foster vibrant and healthy communities.

FloridaCommerce administers various loan programs available to eligible small businesses in Florida and works with strategic partners to assist small businesses in efficiently operating, expanding and creating jobs for hardworking Florida families. Administration includes overseeing and monitoring of all development financing programs and providing technical assistance and support to small businesses.

Business Advantages

• Increases access to affordable long-term capital without the high down payment requirements often associated with conventional financing programs;
• Includes eligibility for newly established or growing small businesses;
• Offers flexible use of funds - startup costs, working capital and the acquisition of real estate and other major fixed assets; and
• Provides business management training and technical assistance.

Lender Advantages

• Expands your business loan portfolio;
• Minimizes collateral risk and puts your lending organization in a first lien position with an attractive 50% LTV;
• Lending organization makes its own credit decisions with its own loan documentation;
• Earns fees and interest income on interim loans related to the project;
• Helps manage lending limits and industry exposure; and
• Streamlines procedures and quick response to project loan requests.

Learn More About the Small Business Innovation Loan Programs