Do you need funding for your Florida business? Then, you’re in the right place. On this page, we’ve compiled a comprehensive list of grants and loans that are only available to Florida businesses. Take a look to assess whether any of these Florida-specific business funding options may be right for you.
Department or Agency: Florida First Capital Finance Corporation
Loan or Grant title: The Rebuild Florida Business Loan Fund
Florida small businesses and start-ups can seek access to working capital through Florida First Capital Finance Corporation. The minimum loan size is $25,000 and can extend up to $350,000 for express loans and up to $2,500,000 for standard loans. Funds can be used to purchase inventory or equipment, acquire land, or for business expansion—among other costs.
Department or Agency: Central County Community Development Corporation
Loan or Grant title: Small Business Loan Fund
This loan fund was created with the intention to make capital more accessible to minority and women-owned businesses. While small businesses throughout the state of Florida are eligible, the loan fund is primarily focused on South Florida businesses—specifically Palm Beach, Broward, and Miami-Dade counties. Loans range from $10,000 to $250,000 and can be used toward machinery, equipment, supplies, working capital, leasehold improvements, and other expenses. Businesses must operate in the state of Florida and have been in business for at least 18 months in order to qualify.
Department or Agency: Florida Department of Economic Opportunity
Loan or Grant title: Rebuild Florida Business Loan Fund
In an effort to drive and diversify economic growth, the Rebuild Florida Business Loan Fund has $40 million for statewide economic assistance, as well as an additional $10 million for counties impacted by Hurricane Michael. Loans start at $25,000 and cannot be used to repay existing debt or to pay employees following a disaster, among other limitations.
Department or Agency: Florida Department of Economic Opportunity
Loan or Grant title: Florida Small Business Emergency Bridge Loan Program
This loan program is intended to “bridge the gap” for small businesses in the time between when disaster strikes and when longer-term recovery financing is secured. Eligible applicants may qualify for loans up to $50,000 if they have businesses that employ between two and 100 workers in the state of Florida and that were physically or economically impacted by the Broward County Flooding, among other requirements.
Department or Agency: Florida Department of Economic Opportunity
Loan or Grant title: Microfinance Guarantee Program
Florida is offering guarantees on loans for qualified entrepreneurs and small businesses in the state with 25 or fewer employees. These loans range from $50,000 to $250,000 and a guarantee can’t exceed 50% of the loan. Applicants must go through local lenders in order to be considered. Some examples of local lenders include Citizens Bank and Trust, First Commerce Credit Union, and United Bank, among others.
Department or Agency: City of Boynton Beach
Loan or Grant title: Commercial Property Improvement Forgivable Loan Program
New and existing businesses within the city of Boynton Beach may be eligible for an interest-free forgivable loan of up to $15,000. The loan is intended to help reduce the costs of renovating or improving commercial property. Funds can be used for painting, solar electricity installation, roofing, and more.
Department or Agency: City of Boynton Beach
Loan or Grant title: Marketing and Digital Connectivity Small Business Grant
The Marketing and Digital Connectivity Small Business Grant from the City of Boynton Beach supports marketing efforts and e-commerce development for the city’s new and existing small businesses. Businesses must be located within the city and have 25 or fewer employees in order to be eligible for the $2,500 grant. Funds can be used toward website development, marketing consultants, brand design, e-commerce software, and more.
Department or Agency: City of Boynton Beach
Loan or Grant title: American Rescue Plan Act (ARPA) Small Business Assistance Grant Program
Businesses within the city of Boynton Beach that were negatively affected by COVID-10 may be eligible for the ARPA Small Business Assistance Grant Program. Funds can be used to keep the business in operation, retain local jobs, and increase economic output throughout the city. Examples of approved costs include payroll, benefits, and business planning expenses. Grant amounts range from $10,000 to $20,000.
Department or Agency: City of Daytona Beach
Loan or Grant title: Business Facade Grant
Existing and new businesses within the main street, midtown, and downtown areas of Daytona Beach may be eligible for a grant created to improve the visual appearance of commercial buildings. Costs associated with new purchases or improvements to doors, windows, signage, fabric awnings, and repainting with approved colors are all eligible uses for the funds. Single grants for existing businesses can cover up to 50% of the project cost, not to exceed $2,500. For new, expanding, or relocating businesses, the grant can cover up to 75% of the project costs up to $6,000.
Department or Agency: City of Daytona Beach
Loan or Grant title: Hurricane Recovery Grant
Qualified business owners in the City of Daytona Beach could be eligible for a grant to cover costs associated with the destruction of Hurricanes Ian and Nicole. Reimbursements of up to $3,000 may be provided for businesses with 50 or fewer employees. Funds can cover lost revenue, spoiled food, repairs, and insurance deductibles.
Department or Agency: South Florida Regional Planning Council
Loan or Grant title: Revolving Loan Fund
Small to mid-sized businesses in the Florida counties of Broward, Miami-Dade, and Monroe may be eligible for a revolving loan from South Florida Regional Planning Council, which offers loans between $25,000 and $500,000. Businesses within those counties must be looking to add more jobs, retain existing jobs, expand, or relocate. One job for every $20,000 borrowed must be created or retained.
