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Pasco Microloan Program
Pasco Economic Development Council established a community based microloan fund that will act as a loan source for credit worthy Pasco County small businesses. The microloan fund will help to create a stronger economy, job opportunities and provide entrepreneurial education in our community.  It will also help certain types of disadvantaged businesses who often have difficulties accessing credit, such as women-, minority-, veteran- and disabled-business owners.  Loan applicants will apply by completing a loan application, blank copies of which may be requested through Pasco EDC. Information about the program and application process will be available through the PEDC, Service Corp of Retire Executives (SCORE), Small Business Development Center (SBDC), Pasco Enterprise Network (PEN) and others.  Clients requesting an application will be directed to contact SCORE, Small Business Development Center (SBDC), or other such business counseling programs as may be developed from time to time to complete the application process. The applicant will work with a SCORE or SBDC counselor to complete the application which will detail required documentation. All documents shall be submitted as a single package to Pasco EDC staff for loan committee scheduling.

Note: Loan amount not to exceed $35,000.00 and it will be a term loan up to 6 years. Proceeds may be used for working capital, inventory, supplies, furniture, fixtures, machinery and equipment, but not to purchase real estate or to refinance existing debt.

Who can apply? Any business that is headquartered or plans to be headquartered in Pasco County.



Contact for more information:  Krista Hakes 813-926-0827 x227

Florida's Microfinance Programs

The Florida Microfinance Act provides Entrepreneurs and Small Businesses in Florida access to credit. The Microfinance Program is administered by the State of Florida and consists of two programs: a Loan Program and a Guarantee Program.

Loan Program

The Department of Economic Opportunity (DEO) will competitively award funds to no more than three eligible Loan Administrators who will in-turn provide a 1:1 match to make short-term, Microloans of up to $50,000 to Entrepreneurs and Small Businesses. The Borrower(s) must participate in Business Training and Technical Assistance provided by the Florida Small Business Development Network. 

Guarantee Program

Enterprise Florida, Inc., (EFI) will utilize state funds to guarantee loans made by private lenders to Entrepreneurs and Small Businesses in Florida. Loan guarantees may only be provided on loans between $50,000 and $250,000, and a guarantee cannot exceed 50 percent of the total loan amount. 

Under both programs, eligibility is limited to borrowers who are Entrepreneurs or Small Businesses with 25 or fewer employees and gross annual revenues of up to $1.5 million.

For more information, visit Florida's Department of Economic Opportunity.

If you have any questions regarding either Loan Program please contact Garry Thomas at (850) 717-8479 or via email at .