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Florida Black Business Loan Program is a grant from the Florida Department of Economic Opportunity that funds Black-owned small businesses that cannot obtain capital through conventional lending institutions. Administered through certified Loan Administrators, the program provides loans, loan guarantees, or investments of up to $250,000.
Eligible applicants must be at least 51% Black-owned, for-profit businesses domiciled in Florida with an active Sunbiz registration, and owned by a U.S. citizen or lawful permanent resident. Funds must be used for working capital, inventory, or equipment, and most awards require collateral. Applications are accepted on a rolling basis, subject to annual appropriations by the Florida Legislature.
Non-profits are not eligible.
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Black Business Loan Program – Florida Department of Health, Health Care Innovation Black Business Loan Program Federal/State Opportunity Number Not Specified Funding Opportunity Purpose The Black Business Loan Program provides loans, loan guarantees, or investments through Loan Administrators to black business enterprises that cannot otherwise obtain capital through conventional lending institutions but who could otherwise compete successfully in the private sector.
Type of Funding Opportunity State Florida Resident Specific Opportunity Yes Funding Mechanism Loan/Loan Guarantee Organization Florida Commerce Focus Area All Innovation Funding Size Up to $250,000 Funding Post Date Not Specified Funding Closing Date Rolling Basis - Indefinitely Funding Timelines Not Specified Funding Opportunity Cycle Recurring Eligible Recipients Entrepreneurs Non-For-Profit Funding Only No Small Business Funding Only Yes Early Stage Funding Only No Minority Ownership Required Black-Led US Ownership Required Yes Federal Cost Share Requirements No Website Link https://famufcu.
com/pages/black-business-loan-program. php Additional Eligibility Criteria Notes 51% black-owned Domiciled in the state of Florida, active registration with Sunbiz United States Citizen or Lawful Permanent Residence For profit business, sole proprietorship. No non-profits.
Must demonstrate that loans will aid in the generation of jobs Must use funds for working capital, inventory, equipment Collateral will be required in most cases. Applicant(s) will be the guarantor(s) Personal credit history will be used as part of the underwriting process to evaluate all loans.
Additional Information Application Process New (& Start-up) Business Documents Business Plan Proof of Income/ Tax Returns (two most recent years personal tax returns) Business Financial Projections (3 -5 years) Personal Bank Statement (six months most recent statement) Two-year work history Detailed Use of Funds Proof of collateral, if applicable Existing Business Documents Business Plan Business Tax Returns (two most recent years) Business/Personal Financial Statements Income Statement & Balance Sheet (2 years) Debt Schedule Profit/Loss Statement (2 years) Detailed Use of Funds Proof of Liability Insurance Proof of collateral, if applicable Important Reporting Requirements (If Specified) Not Specified Miscellaneous Notes If the Black Business Loan Program is appropriated funds in a fiscal year by the Florida Legislature, Florida Commerce will distribute an equal amount of the appropriation to the Loan Administrators that have been certified for that fiscal year.
Based on current listing details, eligibility includes: Black-owned small businesses in Florida. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $250,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.