Addresses the current gap in available, affordable capital for businesses by providing longer term loans with higher funding levels at market interest rates. Available to assist businesses statewide with economic development and resiliency.

Florida Commerce

Loan terms for the Rebuild Florida Business Loan Fund are: All owners of 20% or more of the borrowing entity must guarantee the loan and therefore provide all required documentation. An Experian credit score of 650 or higher (a score below 650 may be considered in certain circumstances and additional collateral may be requested). No bankruptcy within the last five (5) years. Provide contracts, bids or estimates for the following purchases: Real estate, furniture, fixtures and equipment Refinancing existing debt is a prohibited use of loan funds unless you can demonstrate sound economic justification. Real Estate investment firms, when the real property will be held for investment purposes, or when property will be improved and resold, is not permitted Minimum loan size is $25,000.

In order for your application to be considered complete, you must provide the following: Copy of a valid ID for each owner; Copy of current county business license; Previous six (6) months of bank statements of all business accounts; Business plan; Project Plan Three-year schedule of jobs that will be created as a result of the loan with average wage annual salary; Signed Tax returns from previous three (3) years; Business organizational documents; Articles of Incorporation or Organization; Resumes of key management personnel; and Personal financial statement of owner(s); Business financial statement of owner(s); Business liability insurance policy.

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