The Florida Recycling Loan Program was created to
provide access to capital for the purchase of equipment and machinery to
expand recycling capacity in Florida. The program offers long-term
fixed-rate loans at interest rates up to 2% below Prime. The maximum
loan amount is $200,000. The program is limited to for-profit small
businesses that are either legally licensed and operating in Florida,
creditworthy start-up companies or out-of-state firms considering
expansions into Florida. Eligible recycling companies must have a net
worth less than $6 million and have less than 100 employees.
Since its inception in 1995, the Recycling Loan Program
has entered into twenty-seven loans totaling over $3.9 million. The equipment
purchased ranged from extruders and conveyors to tub grinders and
For more information or a pre-application, contact
Florida First Capital Finance Corporation at 1711 South Gadsden St,
Tallahassee, Fl 32301. Phone: (850) 681-3601. Email:
Sales Tax Exemption
Resource Recovery equipment is exempt from sales tax, when it is owned and operated by or on behalf of any county or municipality, certified by the Department of Environmental Protection (DEP). For more information,
contact the Florida DEP at (850) 245-8712.
- Locating capital to establish or expand recycling collection,
processing, and manufacturing operations is a high priority. The U.S.
Environmental Protection Agency's
Jobs Through Recycling (JTR) program and other organizations can
- The Small Business Administration
(SBA) provides financial, technical and management assistance to help
Americans start, run, and grow their businesses. SBA is the nation's
largest single financial backer of small businesses. The
SBA 504 Program
offers subordinated mortgage financing to healthy and expanding
eligible commercial and industrial businesses. Funds can only be used
for land, buildings, and long term assets.
- The Sustainable Jobs Fund (SJF)
is a community development fund that will make investments in growth
enterprises that create quality jobs in economically distressed
neighborhoods. SJF's strategic focus is on recycling, remanufacturing,
environmental and other sectors that are uniquely suited to generating
employment for former welfare recipients and low-income individuals.
Businesses in these sectors have a demonstrated ability to profitably
expand inner city facilities if provided with risk capital for growth.
Business and Industry (B&I) Guaranteed Loan Program helps create
jobs and stimulates rural economies by providing financial backing for