Florida operates five small business financing programs: one capital access program, one collateral support program, one loan participation program, one loan guarantee program, and one equity/venture capital program.  The Florida Department of Commerce (Florida Commerce) is the implementing entity for the state.  Florida Commerce has contracted with Enterprise Florida, Inc. (EFI), a public-private partnership authorized by the state and supervised by Florida Commerce , to support the administration of all OCSPs. Additionally, EFI will subcontract with Florida First Capital Finance Corporation, Inc. (FFCFC), a nonprofit entity, to support the administration of the CSP, LPP, and LGP.

Table 1: Florida SSBCI Capital Program Portfolio

Program NameProgram TypeProgram AdministratorAllocationFlorida Capital Access ProgramCapital AccessFloridaCommerce

$38.5M

Florida Small Business Loan Program – Collateral Support ProgramCollateral Support FloridaCommerce /EFI

$250.0M

Florida Small Business Loan Program – Loan Participation ProgramLoan Participation FloridaCommerce /EFI

$50.0M

Florida Small Business Loan Program – Loan Guarantee ProgramLoan Guarantee FloridaCommerce /EFI

$50.0M

Florida Venture Capital ProgramVenture Capital (Direct) FloridaCommerce /EFI

$100.0M

TOTAL

$488.5M