SMARTStart
Pasco EDC recognized by Service Corps Of Retired Executives (SCORE)
December 18, 2012
Pasco Hernando Chapter 439 recognized Krista Hakes, Pasco EDC Economic Development Manager for her dedication and commitment to SCORE and volunteerism on behalf of the small business community. [gallery link="file"] This year Pasco Economic Development Council, Inc. became the first EDC in Tampa Bay to launch a microloan program for small businesses. Recognizing that the nation's 26 million small businesses are responsible for creating the majority of our nations new jobs, Pasco EDC decided to step in and help. Over the last year Pasco EDC raised $225,000 for the microloan fund and has awarded six microloans to date. With more applications in the pipeline, Pasco EDC is now beginning to raise additional money for the microloan fund so they can continue to give support to the small business community. Why are microloans important? There are 26 million small businesses in America today which are responsible for creating the majority of our nation’s new jobs. Unfortunately, the current economy is making it difficult for America’s small businesses to obtain credit. That’s where Pasco EDC decided to step in and help. Pasco EDC is getting the word out that help is available to small businesses through its microloan fund. “Helping passionate small business owners with solid ideas, good management skills and a valid business plan, who simply can’t get traditional financing is what it’s all about. We want these businesses to hire more people and continue expanding here in Pasco County.” said John Hagen, Pasco EDC President/CEO. Want to apply? The loan program lends money to small businesses located in Pasco County in amounts up to $35,000. Applicants must be a for-profit company located in Pasco County, and borrowers must show they have the experience and resources to be successful business operators. Proceeds may be used for working capital, inventory, supplies, furniture, fixtures, machinery and equipment but not to purchase real estate or to refinance existing debt. In addition to financing, entrepreneurs also receive free technical assistance to help work through challenges and capture opportunities. Click here for more info. Want to donate to the fund? Please call the Pasco EDC at 813-926-0827 for more information on how to donate to the microloan fund.