The Department of Economic Opportunity Announces $10 Million of Additional Funding Available for the Rebuild Florida Business Loan Fund

$10 Million to Assist Businesses Still Recovering from Hurricane Michael

TALLAHASSEE, Fla. – The Department of Economic Opportunity announced $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.

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. Additional information on the Rebuild Florida Business Loan Fund and how businesses can apply is available on Rebuild Florida’s Business Recovery webpage.

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