State Small Business Credit Initiative (SSBCI)

State Small Business Credit Initiative (SSBCI)The Florida Department of Economic Opportunity (DEO) has made $142 million in new capital available for small businesses and startups through Florida’s State Small Business Credit Initiative (SSBCI). The U.S. Treasury has made $488 million available for Florida's SSBCI in three tranches, of which $142 million has been made available as part of the first tranche of funding.

The SSBCI is administered by DEO in partnership with Enterprise Florida, Inc. and features five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including opportunities for very small businesses and sole proprietors. This multi-year initiative is part of Governor Ron DeSantis' large-scale effort to prioritize workforce development, cultivate a business-friendly environment, and stimulate aggressive economic growth.

DEO encourages Florida-based small businesses to sign up for updates on funding opportunities through SSBCI.

How to Apply

To apply, you will need to contact your local bank, credit union, certified development company, or community development financial institution to discuss which program is best for you. Lenders can enroll by contacting the DEO:

Participating Lenders (as of March 21, 2023)

  • Accion Opportunity Fund
  • Financial Access Federal Credit Union
  • Locality Bank
  • Marine Bank and Trust
  • Miami Bayside Foundation
  • Sunwest Bank