Economic Gardening Business Loan Pilot Program
A Plan to Grow Florida's Small Businesses
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Economic Gardening
News
There is limited funding available for this pilot program, and applications will be addressed on a first-come, first-served basis. Contact us today to learn more about Economic Gardening.
Pinellas County
Business Development Center
The EpiCenter, 13805 58th Street N., Suite 1-200, Clearwater, FL 33760
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What is the Economic Gardening Business Loan Pilot Program?
The Economic Gardening Business Loan Pilot Program will help provide loan support to businesses with between 10 and 50 employees that are poised to create high-wage jobs in Florida. The loans, up to $250,000 per business, can help companies with working capital purchases, employee training or salaries for newly created jobs. The interest rate of the loan is 2% for a period of four years. During the first year of the loan, payment is due for interest only and payable during the twelfth month.
Why is Economic Gardening beneficial?
This loan program will help support small companies that have grown past the startup phase, but have not yet reached maturity. Support for organizations in this "gap" area was identified as vital to the future growth and expansion of innovative high-wage businesses in Florida. Between 1997 and 2007, more than 17 percent of new jobs created in our state came from expanding small businesses.
Is my business eligible? To be eligible for the Economic Gardening pilot program, a business must:
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be a for-profit, privately held, investment-grade business
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have at least 10 employees, but no more than 50
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have had its principal place of business within Florida for the previous two years
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generate at least $1 million, but not more than $25 million in annual revenue
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loan must be collateralized by corporate assets
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have increased both its number of full-time equivalent employees in Florida, and its gross revenues during three of the previous five years.
Please click here to apply and learn more
There is limited funding available for this pilot program, and applications will be addressed on a first-come, first-served basis. Contact us today at (727) 464-7332 to learn more about Economic Gardening.
GrowFL Begins Mission of Economic Gardening to Cultivate Companies.
Second-stage companies in Florida have generated 36% of the jobs created by firms headquartered in the state. GrowFL will focus on expanding these privately-held firms in targeted industries (page 3 of 3).
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Find out if your company meets all of the eligibility criteria, and then apply.
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Second-stage companies outside the eligibility criteria are also encouraged to participate in many of the programs offered by the Florida Gardening Institute and its partners. Email GrowFL@gmail.com and ask how your company can participate in economic gardening programs.
Pinellas County Business Development Center
The EpiCenter, 13805 58th Street N., Suite 1-200, Clearwater, FL 33760
Phone: (727) 453-7200 |
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