DEO Announces $10 Million of Additional Funding Available for the Rebuild Florida Business Loan Fund

The Florida Department of Economic Opportunity (DEO) announced on Thursday $10 million in state and federal funds is now available through the Rebuild Florida Business Loan Fund to help small businesses still recovering from Hurricane Michael to rebuild and expand.

Hurricane Michael hit the Panhandle and the Big Bend back in October 2018.

The Rebuild Florida Business Loan, a resiliency loan fund provided through a partnership with the U.S. Economic Development Administration (EDA) and administered by the Florida Department of Economic Opportunity (DEO), focuses on creating and enhancing the diversification and resiliency of Florida’s economy.

Businesses located in Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Leon, Liberty, Taylor, Wakulla and Washington Counties are eligible to apply for the funding.

The Rebuild Florida Business Loan Fund can provide up to $500,000 in financing for the following business purposes: inventory purchases, construction or renovation, working capital needs, capital start-up loans, machinery and equipment purchases, equipment financing and more.

 

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