The EpiCenter, 13805 58th Street N., Suite 1-200, Clearwater, FLPinellas County
An applicant must be a business eligible for assistance as provided in Statute 288.1082.
•The business must be a for profit business legally authorized to do business in the State of Florida.
•The business must employ at least 10 but less than 50 employees.
•The business must generate at least $1 million but no more than $25 million in revenues annually.
•The business must have maintained its principal place of business in the state of Florida for at least the previous 2 years.
•The business must qualify for the tax refund program for qualified target industry businesses.
•The business must have increased both its number of full-time equivalent employees and gross revenues in the state of Florida during 3 of the previous 5 years.
Such business loans will be a minimum of $50,000 and a maximum of $250,000 and may be used for working capital purchases, employee training, or salaries for newly created jobs. One (1) job must be created for every $50,000 borrowed.
Section 288.1081, F.S. addresses the Economic Gardening Loan Pilot Program and the eligibility requirements for an applicant to qualify for a loan. In Section 288.1081(4), F.S. it states that the applicant must also provide “other information necessary to verify the applicant’s eligibility for the pilot program under Section 288.1082(4)(a).
According to Section 288.1082(4)(a), F.S. it states the following: “To be eligible for assistance under the pilot program, a business must be a for-profit, privately held, investment-grade business that employs at least 10 persons, has maintained its principal place of business in the state for at least the previous 2 years, generates at least $1 million but not more than $25 million in annual revenue, qualifies for the tax refund program for qualified target industry businesses under s. 288.106, and , during 3 of the previous 5 years, has increased both its number full-time equivalent employees in this state and its gross revenues”.
Interest only is due during the first 12 months of the loan, after which the loan is amortized over the remaining 3 years. Interest rates will be a minimum of 2% and a maximum of prime rate published in the Wall Street Journal plus 4%.
Collateral will be all of the borrower’s corporate assets necessary to fully collateralize the loan.
Ryan S. Greenough <
Director and Sr. Program Engineer
Space Alliance Technology Outreach Program (SATOP) - Florida
Phone: 321.872.1050 x 111 Fax: 321.872.1051
Dear Seminole Chamber of Commerce Members,
The Space Alliance Technology Outreach Program (SATOP) a free resource offered through the US Space program for small business.
SATOP is a NASA funded initiative, operated by the State of Florida’s Technological Research and Development Authority (TRDA), which can provide small businesses within your community with up to 40 hours of FREE technical/engineering assistance from an expert in the aerospace industry. The program is directed to all types of business, not just high tech. SATOP utilizes the technical resources of U.S. Space Program participants and contractors, NASA centers, universities and colleges. This is an outstanding opportunity for businesses in your community to access, and a great tool for your organization to provide as an extension of the other services you offer. If we work together, we can help give small businesses a valuable boost which can result in new job creation/retention, increased revenue and sales.
SATOP is a completely free service that is funded by NASA and there are no charges whatsoever associated with accessing the program.
How the Request for Technical Assistance Services Works
1. Businesses submit a one-page Request for Technical Assistance (RTA) form to their respective SATOP center.
2. Once the SATOP staff determines the request is indeed “In Scope”, the request is matched with an engineer, technician, or scientist at a Space Alliance Partner that has the necessary expertise.
3. The representative from the Space Alliance Partner works with the small business remotely via email, fax, and phone to provide a solution. Most requests are resolved within 90 days.
To fill out a Request for Technical Assistance (RTA) or for more information about SATOP, please visit the Web site at www.SpaceTechSolutions.com
There are four SATOP centers in the United States: (1) Melbourne, FL., original site founded in 1995; (2) Houston, Texas, opened in 1998; (3) Syracuse, N.Y., and (4) Santa Fe, N.M. - both opened in 2001.