The purpose of Florida's Microfinance Guarantee Program is to stimulate access to credit for entrepreneurs and small businesses in Florida by providing targeted guarantees to loans made to such entrepreneurs and small businesses. Funds appropriated to the program must be reinvested and maintained as a long-term and stable source of funding for the program.
Enterprise Florida, Inc. will utilize state funds to guarantee loans made by private lenders to entrepreneurs and small businesses in Florida. Loan guarantees may only be provided on loans between $50,000 and $250,000, and a guarantee cannot exceed 50 percent of the total loan amount. Under this program, eligibility is limited to borrowers who are Entrepreneurs or Small Businesses with 25 or fewer employees with gross revenues of up to $1.5 million or less the last two years.
- Brandon Boles, Vice President of Finance and Accounting
- Enterprise Florida, Inc.
- 800 North Magnolia Avenue, Suite 110
- Orlando, FL 32803
- Phone: (407) 956-5624
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