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DeSantis announces Rebuild Florida Business Loan program

$40 million to assist businesses still recovering from Hurricane Irma
Posted: 10:42 AM, May 10, 2019
Updated: 2019-05-10 14:42:44Z
Watch Hurricane Irma live stream from Sarasota

TALLAHASSEE, Fla. (WTXL) — Governor DeSantis has announced the launch of the Rebuild Florida Business Loan program that will help small businesses that are still recovering from Hurricane Irma.

According to a press release, the program launch was announced Friday morning in during National Small Business Week. The program will be given $40 million in state and federal funds.

“We are committed to providing support to Florida businesses before, during and after natural disasters,” said Governor DeSantis. “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.”

Officials say the loan program 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.

“The Rebuild Florida Business Loan program is the next step in helping businesses recover from the impacts of Hurricane Irma. 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,” said Ken Lawson, Executive Director of the Florida Department of Economic Opportunity.

Additional information on the Rebuild Florida Business Loan program, and how businesses can apply for the program, can be found here.