The Sunshine State is home to the fourth largest economy in the nation. Its growth in 2018 significantly outpaced the U.S. at large at a rate of 3.5% to 2.9%. Small businesses are an essential part of the economic landscape in Florida, making up 99.8% of all businesses and employing 3.3 million employees, more than 42% of the state’s workforce.
Currently, Florida’s unemployment rate stands at a low 3.4%, which is lower than the national average of 3.6%. The top five industries for small business in Florida are accommodation and food services; healthcare and social assistance; professional, scientific, and technical services; construction; and retail.
Want to grow a business in Florida? We’re here to help! First Down Funding is servicing small business owners in Florida with all their capital needs. Whether it is a long term funding package or a short term cash loan, apply online or contact us so we can expedite your request. We are your Florida Business Loans source. Apply today for a business loan in Florida.