The Florida Department of Commerce announced an additional $167 million is available for Florida small businesses through the State Small Business Credit Initiative 2.0. Program funds can be used for start-up costs and working capital, franchise fees, upgrading equipment, expanding inventory, business acquisition, refinancing and the purchase, construction, renovation or tenant improvements of an eligible place of business. To qualify for the SSBCI capital programs, businesses must be Florida-based and have less than 500 employees for the Capital Access Program, the Loan Guarantee Program and the Loan Participation Program. Additionally, businesses must be Florida-based for the Collateral Support Program and have less than 750 employees. To contact one of the state’s participating lenders, click here.