(This web page is for informational purposes only. Please contact individual organizations listed for detailed information and other eligibility requirements.)
Business Development Corporation of Northeast Florida, Inc. - Provides small business applicants with access to capital via pre-qualification and loan packaging for a variety of Small Business Associations loan products and services. http://www.bdcjaxnfl.org/
Enterprise Florida Programs:
Florida Pooled Activity Bonds
These bonds are designed to help Florida's small to medium-sized manufacturers, select non-profits and certain other projects determined to support the state's economic development policies. Pooled Activity Bonds combine several bond issues ranging in value from $800,000 to $2,000,000 or more into one composite bond. This saves borrowers bond issuance costs on these tax-exempt, below market rate loans. Eligible businesses must create 100 new jobs in Florida and, if an expansion, increase employment by at least 10 percent; pay at least an average wage of 115 percent of the area average; and be in a targeted industry; or create a substantial economic impact. Enterprise Bonds are issued by the Florida Development Finance Corporation (FDFC), a financing authority created by the State of Florida. For more information contact Louis Laubscher at Enterprise Florida, Capital Development, at (407) 316-4692.
Download Program Overview (PDF 360k)
View Florida Statute 288.9602
View Florida Statute 288.9618
Florida Private Activity Bonds
These bonds are also issued by the Florida Development Finance Corporation and are funded by the Manufacturing Facility Bond Pool and the Florida First Business Bond Pool. To qualify for the Manufacturing Facility Bond, businesses must be a new or expanding manufacturing establishment in need of low-cost debt financing for land acquisition, new facility construction and new equipment purchases. Eligible businesses for the Florida First Business Bond Pool must create 100 new jobs in Florida and, if an expansion, increase employment by at least 10 percent; pay at least an average wage of 115 percent of the area average; and be in a targeted industry; or create a substantial economic impact. For more information contact Louis Laubscher at Enterprise Florida, Capital Development, at (407) 316-4692.
Download Program Overview (PDF - 342k)
View Florida Statute 159.8083
View Florida Statute 159.8081
Enterprise North Florida Corporation - Help accelerate growth of emerging companies with business plan development, market research, financial modeling, company valuation, capital planning, strategic partnership development and executive recruitment. http://www.enfc.org/
Essential Capital (Formerly JEDCO) - Encourages economic growth by making SBA loans to allow business owners to buy, build, remodel or purchase machinery and equipment with a minimum investment. http://www.jedco.net/
Federal Grants – This site allows organizations to electronically find and apply for competitive grant opportunities from all federal grant-making agencies. www.grants.gov
Florida Venture Forum - Florida's oldest, largest and most prestigious statewide support group for venture capitalists and entrepreneurs. As an entrepreneurial networking group, the Florida Venture Forum educates entrepreneurs and assists them in identifying sources of venture capital. Throughout the year, the Florida Venture Forum provides programs on a statewide basis. http://www.flvencap.org/
Florida's First Capital Finance Corporation (FFCFC) - is a Certified Development Company which provides small business financing assistance throughout Florida by offering SBA and State of Florida loan programs. http://www.ffcfc.com/
U.S. Small Business Administration (SBA) Loans:
The SBA offers many programs to assist small business owners. Listed below are three of the most popular programs. For complete information visit the Jacksonville SBA web site or use the links below.
504 Certified Development Company (CDC) Loan Program - This is a long-term financing tool for community development projects. Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.
http://www.sba.gov/financing/frcdc504.html
7(a) Loan Guaranty Program - The most basic and most used type loan of SBA's business loan programs. All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) program. The SBA guarantees a portion of the loan, thereby reducing the risk to the lender. Under this program, the SBA is not issuing the loan, the lender is and businesses should apply with their local lender not the SBA. For more information visit: http://www.sba.gov/financing/fr7aloan.html
Jacksonville Economic Development Commission
Business Development Division
1 West Adams Street, Suite 200, Jacksonville, FL 32202
(904) 630-1906