Contribute to the SMARTstart Pasco Microloan Fund

In January 2012 Pasco EDC created the Pasco Microloan Loan fund. This revolving loan fund makes small business loans possible for multiple Pasco County entrepreneurs. When loans are paid back, with monthly payments or paid-off in full, the funds are then made available for other small business applicants.

Since establishing the Pasco Microloan there have been 48 loans funded totaling $1,448,200. These loans have helped young companies create or retain 327 jobs. The total capitalization ($954,000) is very close to being revolved and 13 loans have already been paid off, one replaced by conventional financing.

Pasco County Commissioners helped to capitalize the fund with $500,000—including $400,000 made available from the Penny for Pasco Jobs and Economic Opportunities Trust Fund in 2016—and an additional $454,000 has been raised from private sources, including Pasco EDC funds.  Pasco EDC is continuing to work to increase private donations to match the County funds and offer funding for growing Pasco companies.  Other Microloan Loan donors since inception include:

  • Bank of America - $10,000
  • CenterState Bank - $30,000
  • Pasco County - $500,000
  • Pasco EDC - $205,000
  • Rubber Resources - $1,000
  • Saint Leo University - $50,000
  • Suncoast Credit Union - $10,000
  • SunTrust Foundation - $15,000
  • Tim Tangredi - $10,000
  • Wells Fargo - $123,000

With a goal to close 3 loans in 2019 and an average loan size of $30,813 we can go through the available funds very quickly, so the Pasco EDC Microloan Committee has committed to raise $25,000 in 2019.

Won’t you write a check today to help make this happen?

Contact us to contribute today


Thank you to the organizations and people who have supported the SMARTstart Microloan Fund through their generous contributions

Pasco County, FloridaPasco Economic Development CouncilWells FargoSaint Leo UniversityCenterState BankSunTrust FoundationBank of AmericaSuncoast Credit UnionTim & Patricia TangrediRubber Resources

CONTACT ME
Contribute to the Microloan Fund
Daniel Mitchell
SMARTstart Incubator Program Manager

Email: .(JavaScript must be enabled to view this email address)
Toll free: (888) 60-PASCO | (888-607-2726)
Telephone: (352) 437-4861
Upcoming Events...

December 10, 2019
Entrepreneur Roundtable – East Pasco
Date & Time:  Tuesday, December 10, 2019 (3:00 pm-4:00pm)Location: SMARTstart East Pasco Entrepreneur CenterEntrepreneur Roundtables bring small business owners and early-stage…
(Read More)

December 12, 2019
Entrepreneur Roundtable – West Pasco
Date & Time:  Thursday, December 12, 2019 (3:00 pm-4:00pm)Location: SMARTstart West Pasco Entrepreneur CenterEntrepreneur Roundtables bring small business owners and early-stage…
(Read More)

December 18, 2019
Entrepreneur Education Series - Risk Management for Entrepreneurs
Date & Time:  Wednesday, December 18, 2019 (6:00 pm – 7:30 pm)Location: SMARTstart West Pasco Entrepreneur CenterRegistration: FREELearn about avoiding, reducing…
(Read More)

GET ALL THE LATEST UPDATES
on Pasco County delivered to your inbox.