The Florida Department of Economic Opportunity announced $142 million in new capital is available for small businesses and startups through the State Small Business Credit Initiative. The multiyear initiative, administered in partnership with Enterprise Florida Inc., has five programs to serve small businesses that may not otherwise have access to the capital needed to grow their businesses, including very small businesses and sole proprietors. To be eligible, businesses must be Florida-based and have 750 employees or less. Funding through the programs may be used to fund startup costs, business procurement, franchise fees, equipment, inventory and the purchase, construction, renovation or tenant improvements of an eligible place of business. Programs include Collateral Support, Venture Capital, Loan Participation, Loan Guarantee and Capital Access.