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 61 loans funded totaling $1,844,400. These loans have helped young companies create or retain 377 jobs. The total capitalization ($1,289,000) is very close to being revolved and 27 loans have already been paid off, one replaced by conventional financing.

Pasco County Commissioners helped to capitalize the fund with $765,000—including $665,000 made available from the Penny for Pasco Jobs and Economic Opportunities Trust Fund since 2016—and an additional $534,000 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
  • Pasco County - $765,000
  • Pasco EDC - $205,000
  • Rubber Resources - $1,000
  • Santander - $10,000
  • Saint Leo University - $50,000
  • SouthState Bank - $40,000
  • Suncoast Credit Union - $10,000
  • SunTrust Foundation - $15,000
  • Tim Tangredi - $10,000
  • Wells Fargo - $183,000

With a goal to close 5 loans in 2021 and an average loan size of $30,507 we can go through the available funds very quickly, so the Pasco EDC Microloan Committee has committed to raise $25,000 in 2021.

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 University SunTrust Foundation Bank of AmericaSuncoast Credit UnionTim & Patricia TangrediRubber Resources

CONTACT ME
Contribute to the Microloan Fund
Daniel Mitchell
SMARTstart Program Director

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