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Access to Capital

A corporate launch or move no matter how large or small comes at a financial cost - in both time and money. From technical support to grants, loans, and bonds, programs are available to help businesses achieve prosperity. Want to access services to ensure success in Volusia County? Contact us.

  • Loans/Bonds
  • Grants
  • Equity Financing
 

Commercial Business Finance

Commercial Business Finance provides working capital financing for small to medium sized companies. CBF finances approximately $60,000,000 in accounts receivable annually. Specializing in accounts receivable financing which allows them to provide lines of credit to companies that may not qualify for traditional bank financing. CBF bases their decision on the strength of the client’s customers rather than past financials or credit profile.

SBA Loan Programs

Through its two local SBA offices in Florida, Jacksonville SBA office and Miami SBA office, the U.S. Small Business Administration (SBA) offers several loan programs that provide financial aid to small businesses.  Our local Small Business Development Center (SBDC) at Daytona State College is your point of contact to SBA loans.

Industrial Development Revenue Bonds (IDRB)

IDRB financing is administered through an Industrial Development Authority created by Volusia County and administered through their Economic Development Department..  The bond can be used for the purpose of financing or refinancing expansion of two types of companies: manufacturers and non-profit organizations. Bond financing can provide up to 100 percent funding of a qualified project within federally specified dollar limits.

IDRBs are beneficial to qualified companies as they are longer term and available at a lower interest rate than most commercial loans. The interest on the bonds has preferable income tax treatment by the IRS and those savings are passed along to the user. Like commercial loans, IDRB approval is related to the company’s credit worthiness.

Enterprise Bond Program

The Enterprise Bond Program offers tax-exempt, low interest bond financing to qualified manufacturing and 501(c)(3) non-profit organizations through Florida Development Finance Corporation.