Governor DeSantis announced the launching of the Rebuild Florida Business Loan program. This loan program will help small businesses that still haven’t recovered from the devastation of Hurricane Irma. Desantis announced the launch during National Small Business Week last Friday. This program is funded for $40 million by state and federal funds. It offers longer-term loans with higher funding levels. Plus, it offers them at market interest rates. So, this will really help out some businesses affected by the hurricane.
“We are committed to providing support to Florida businesses before, during and after natural disasters,” said Governor DeSantis according to WTXL News. “By building a business climate with smart regulation, low taxes and a steady, talented workforce, we can ensure businesses are successful and resilient. The Rebuild Florida Business Loan program will help all Florida communities impacted by Hurricane Irma recover and rebuild.”
The program has the ability to provide loans up to half a million dollars for the following commercial purposes:
- Inventory purchases
- Construction
- Renovation
- Working capital needs
- Capital start-up loans
- Machinery purchases
- Equipment purchases
- Equipment financing
It can provide loans for other purposes as well, so if your Florida business is still recovering from the hurricane, check out the new Rebuild Florida Business Loan program. Find out more information about that on the website.
“This program will give businesses access to critical financing that will allow them to reinvest in their businesses and create jobs for hardworking Florida families,” Ken Lawson, Executive Director of the Florida Department of Economic Opportunity, explained, according to WTXL News.
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