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About SSBCI


Overview  


SSBCI, administered by DEO in partnership with Enterprise Florida, Inc., has five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including very small businesses and businesses owned by socially and economically disadvantaged individuals.


This multi-year initiative is part of Governor Ron DeSantis’ large-scale effort to prioritize workforce development, cultivate a business-friendly environment, and stimulate aggressive economic growth.


In September 2022, DEO announced the approval of the state SSBCI application by the United States Department of the Treasury (U.S. Treasury) for $488 million in funding.  Funding is available from U.S. Treasury in three tranches, and the first tranche of funding - $142 million – is ready for deployment.


Florida’s SSBCI program will provide businesses with additional resources and capital to facilitate business growth and economic development. These funds will support businesses owned or controlled by socially and economically disadvantaged individuals, including minority-owned, women-owned, veteran-owned, rural, or other targeted small business populations across the state.



Frequently Asked Questions


Program Resources 



For Lenders and Investors 


Collateral Support Program 


The Collateral Support Program enables financing that might otherwise be unavailable due to a collateral shortfall. This credit enhancement uses public resources to encourage private lenders to lend money to businesses by providing a cash deposit as collateral for a business loan or credit facility.


Venture Capital Program


The Venture Capital Program is a targeted investment strategy implemented on an appropriate scale that can attract capable investment managers to support Florida small businesses and create value. DEO will work with Enterprise Florida to secure partnerships with public entities and investment managers.


Loan Participation Program 


SSBCI funds are used alongside private funds to support a loan to a borrower. The SSBCI funds may be used as a companion loan, or the funds may purchase a portion of the loan made by the private lender.


Loan Guarantee Program


The Loan Guarantee Program provides a private lender with a short-term, partial guarantee to support a loan or line-of-credit for eligible small businesses.


Captial Access Program


The Capital Access Program is a pooled loan insurance program where a private lender originates a loan, and the borrower and lender contribute a percentage of the loan per eligible small business, which is then matched by SSBCI funding.
 

SSBCI Lender Toolkit 


Lender Toolkit 
SSBCI Flyer 
SSBCI Poster 

For Businesses

Eligibility 


To be eligible, businesses must be Florida-based and have 500 employees or less. Funding through Florida’s SSBCI programs may be used to fund start-up costs, business procurement, franchise fees, equipment, inventory, and the purchase, construction, renovation, or tenant improvements of an eligible place of business.


How to Apply


Funding through the SSBCI program is administered through a network of partner lenders.

DEO encourages Florida-based small businesses to sign up for updates on funding opportunities through SSBCI.

An equal opportunity employer/program.  Auxiliary aids and services are available upon request to individuals with disabilities.
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