Access to Capital
The Access to Capital Program assists Jacksonville Small and Emerging Businesses (JSEB) certified by the City of Jacksonville to obtain short term working capital loans to support the delivery of goods and services to the City of Jacksonville and its various Authorities and Agencies. Accion East, Inc. administers the program, providing small business loans and financial education for certified JSEBs. For more information, visit www.us.accion.org.
Valarie S. Green, Senior Loan Consultant
Quarterly Activity Report:
Micro Loan Fund
The Micro Loan Fund provides small, short-term loans to small and minority businesses located in Orange, Seminole, Osceola, Lake, Sumter, Duval, Hillsborough and Polk counties. Microloan funds are available to eligible borrowers. Businesses that are established less than two years must show evidence of training in the Small Business Development Center’s (SBDC) series of business training courses or participation in the University of Central Florida’s Incubator program. This loan fund is race neutral. Loan amounts are $5,000 to $50,000. For more information, visit www.bbifflorida.com.
Small Business Loan Fund
The Small Business Loan Fund (SBLF) was formed to provide SBA Community Advantage loans to established minority and small businesses throughout the state of Florida. The business must be of good financial condition and provide job creation. This fund is race neutral. Loan amounts are $50,000 to $250,000. For more information, visit www.bbifflorida.com.
GrowFL was created in 2009 by the Florida legislature as an economic development program focused on assisting second-stage growth companies to prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through Strategic Research, Peer Learning and Leadership Development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. To learn more, visit www.GrowFL.com or call (407) 823-6384.
There are several incentives available to eligible and approved companies looking to relocate or expand in Jacksonville. Program requirements vary but generally depend on wages, location and industry. Click here for more information.