In partnership and collaboration with Broward County and other various organizations, the City of Lauderhill provides valuable resources and incentives to help qualifying businesses with relocation, employee training, business improvements, and access to financial capital.

City Incentive Programs

For questions and information, contact Economic Development.

Small Business Academy Accelerator Program

• CLOSED - Will re-open when additional funds are available
• Eligible applicants: Lauderhill small businesses and Lauderhill residents
• Up to $10,000
• 20% of loan is forgiven every year business remains in Lauderhill, up to 5 years (or 60 months) from initial payout
• Must submit a Business Plan
• Must attend & complete the 6-week Small Business Academy Accelerator (SBAA) Program

Lauderhill Micro Loan-Grant Program

• CLOSED - Will re-open when additional funds are available
• Eligible applicants: Lauderhill small business owners
• Up to $10,000
• 20% of loan is forgiven every year business remains in Lauderhill, up to 5 years (or 60 months) from initial payout
• Email Economic Development for more information - Ecodev@lauderhill-fl.gov 

Business Rescue Grant

• CLOSED - Will re-open when additional funds are available
• Up to $50,000 grant
• Eligible applicants: Lauderhill small businesses impacted by COVID-19
• Grant can be used for payroll, mortgage, rent, utilities, etc.
• Application available here

Commercial Property Improvement Program

• Pending launch date
• Email or call for more information 954-730-3041 / 954-714-3128

COMMUNITY PARTNERS: 

Office of Economic and Small Business Development Micro Grant Pilot Program

• Apply for $2,500 in reimbursable expenses
• Business has been in operations on or before October 1, 2022
• Must be a for-profit business
• Business employs 10 full-time people or less

Florida Small Business Emergency Bridge Loan

• For eligible businesses impacted by the recent severe weather in South Florida

• Applications open until August 12, 2024 or until funds run out
• Up to $50,000 per eligible applicant
• Loans are short-term, NOT grant funds and must be repaid

SCORE Broward Workshops

SCORE Broward provides free and confidential business advice to entrepreneurs working to start new businesses and grow existing businesses. SCORE also provides local workshops and events throughout the country to connect small business owners with the people and information they need to start, grow, and maintain their businesses, as well as online workshops available 24/7.

For more information about SCORE and to view their full calendar, please visit their website.

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 Career Source Florida - Florida Flex

Florida Flex offers businesses in Florida or relocating to Florida, a completely integrated talent support solution to help them compete and grow.

Whether your business needs help recruiting specialized talent, hiring new team members, training existing employees, or all three, FloridaFlex can help. Their team of business and economic development professionals can offer expertise, funding and resources – including labor market data – to help businesses succeed.

FloridaFlex connects you to multiple solutions. You can apply for just one of our programs, or take advantage of all available services for an integrated talent support solution that’s tailored to your company’s specific goals.

For more information on the Florida Flex program contact the Economic Development Division.

Career Source Florida - Employee Training Grant

Your business relies on a strong, skilled team of employees to be successful. The Career Source Florida network is committed to cultivating and growing talent for businesses in Florida, and we do so through nationally recognized, flexible training grants that strengthen businesses across many industries. Career Source Florida’s customized, business-driven grant programs help Florida companies of all sizes compete and grow by keeping employees at the top of their game.

Career Source Florida SYEP youth

The Summer Youth Empowerment Program is an 8 week opportunity for economically disadvantaged Broward County Residents to earn wages through real-world work experience. Find out more today!

Are you a Broward County employer interested in providing work experience to a youth employee at no cost to you? Learn more here.

The Urban League of Broward County - Entrepreneurship Center

The Urban League's commitment to promote entrepreneurship is a critical component of our goal to provide access to quality jobs in the community. Through job creation, innovation and overall economic growth, small businesses play an integral role in the sustainability of our neighborhoods.

The Entrepreneurship Center and Small Business Loan fund brings together an alliance of business owners, corporations, community partners and financial institutions to accelerate our efforts in giving entrepreneurs access to M³ (money, market and management), Our collaborative approach allows us to work closely with our clients to better understand and respond to their business' unique needs and create wealth in historically disenfranchised communities.

View more information on the Entrepreneurship Center. For a free consultation, call (954) 584-0777 or send an email to smallbiz@ulbcfl.org.

South Florida Regional Planning Council

Traditional RLF - The South Florida Regional Planning Council works with the U.S. Department of Commerce, Economic Development Administration to provide low interest rate loans to small- and medium-sized businesses in counties of Miami-Dade, Broward, and Monroe.  The Council’s Revolving Loan Fund (RLF) Program is designed to meet the needs of businesses that are not met by conventional lenders.

Cares Act RLF - A new small business revolving loan fund for businesses adversely impacted by Covid-19. These funds continue to be utilized to help alleviate sudden and severe economic dislocation caused by the coronavirus in Monroe, Miami-Dade, Broward, and Palm Beach counties.

The U.S. Small Business Administration (SBA) has announced EIDL availability in Florida. Working capital loans to help small businesses, small agricultural cooperatives, and small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period. More information available here. Application deadline- November 21, 2022

Small Business Lending

Black Business Investment Fund (BBIF) Florida

BBIF Florida (BBIF) is a non-profit, mission-driven, Community Development Financial Institution (CDFI) that helps Florida businesses thrive by providing loan capital alongside with business development training. We also help to stabilize low-income, distressed neighborhoods by investing in economic development projects that stabilizing communities and create jobs.

Small Business Administration (SBA)

The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.

Greater Fort Lauderdale Alliance - General Business Assistance

The professionals at the Alliance can provide your company with information regarding any of the following types of financing assistance available in Greater Fort Lauderdale:

• Construction loans
• Small business loans
• Commercial financing
• Industrial revenue bonds
• Export/trade financing
• Other financing resources

View more information regarding business assistance or contact the Alliance at 954-524-3113.

View information regarding access to capital.

Amber Grant for Women

One of the very first online organizations to give women-owned business grants, the Amber Grant was set up to honor the memory of Amber Wigdahl. She was a special young woman who died at just 19 years old, before realizing her business dreams. We’ve carried on that tradition by giving away a $10,000 Amber Grant every month to a woman entrepreneur… And by giving away an additional annual $25,000 Amber Grant to one of the preceding 12 monthly Amber Grant winners.

We also give away another $10,000 grant every month to a “Business Category” entrepreneur. Those 12 categories can include anything from fashion designers, to restaurant owners, to health and wellness practitioners, to hair product business owners.

LENDIO Small Business Loan

LENDIO is America’s largest small business loan marketplace, which means you're connected to more loan options than anyone else. All you have to do to gain access to the nationwide network of 75+ lenders is fill out the online application.

Because you don’t just want a small business loan – you want the absolute best loan for your business, right?

Additional Incentive Programs

For more information on any of these programs please contact the Economic Development Division, or call (954) 714-3128

Southern Opportunity and Resilience Fund

The maximum available loan amount is $100,000 or up to 100% of your business’ revenues for any three month period prior to the COVID pandemic outbreak (in 2019 or first quarter of 2020) whichever is less. The maximum loan amount available under this program is $100,000.

The current fixed annual interest rate for loans issued under the program are:

• 4.00% for for-profit businesses and 3.00% for non-profit organizations for a 60-month term

The following criteria is the minimum required for a business or non-profit to be considered eligible for a loan under this program:

• The business or non-profit must employ 50 or fewer full-time equivalent (FTE) employees;
• The business or non-profit must have suffered a direct economic disruption as a result of COVID-19 in a way that has materially impacted operations;
• The business or non-profit must have been in operation since at least September 2019, unless the business is a for-profit business and meets one of the following additional criteria:
  • The business can demonstrate three or more years of operating experience in the industry through previous ownership or management; or
  • The business has previously borrowed from the community lender and has had no repayment issues

Broward Municipal Services District Revolving Loan Fund

The BMSD Revolving Loan Fund Program features a variety of loans designed to fit all business size needs while providing flexible repayment terms and conditions. This special financing is being offered to businesses currently located in or moving into the BMSD. The BMSD Loan is available to businesses that are located or plan to locate within the Broward Municipal Services District. Are you unsure if this applies to you? Check the Broward County Property Appraiser’s site. Type in your address, and if your results say "unincorporated," apply today. 

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