SEDCO Loan Program

Sunshine State Economic Development Loan Program is designed to foster the economic development and financial growth of small businesses in the State of Florida.

Minimum loan size is $10,000 and maximum is $75,000. Borrowers are expected to provide a minimum 10 percent equity injection into individual projects.

LOAN CRITERIA

Loan Amount

Minimum $10,000

Use Of Loan Proceeds

Any business need

Eligibility

Must be a for profit business. Demonstrate the ability to repay the requested loan. Must have experience in their selected industry if starting a new business.

Ineligibility

  • Non-profit entity
  • Investment company
  • Passive income properties

Term

Varies based on the purpose and collateral.

Repayment

Monthly

Collateral

Required

Borrower’s Cash Participation

Minimum 10% of project costs

Need Help or Have Questions? Toll Free: (800) 850-2504
Southwest and Central Florida
Chelsea LaRue: (727) 415-2185
clarue@sunshineEDC.com
South Florida
Beth Herdegen: (305) 331-7085
bherdegen@sunshineEDC.com
North Florida
Brooke Marks: (941) 720-3779
BMarks@SunshineEDC.com