The Florida Microfinance Act is designated to help provide entrepreneurs and Small businesses in Florida access to credit, the Microfinance Loan program is part of this initiative and consist in short-term, fix-rate microloans in conjunction with technical assistance and training for entrepreneurs and their businesses.
Since January 2015, OUR MicroLending has been one of the loan administrators for this program alongside with the Florida Department of Economic Opportunity (DEO).
- The business should be located in Florida
- Submit an application with the correspondent application fee
- Loans up to $50,000.00
- Term up to 12 months
- Business should be open for at least 6 months before applying
- Training and TA provided and required
Participation on this program is intended to enable entrepreneurs and Small Businesses to gain access to financing.