FL S1090

Expands the Microfinance Guarantee Program to include small technology companies alongside entrepreneurs and small businesses seeking access to capital.

Defines "small technology company" as a business authorized in Florida with principal place of business in-state, annual gross revenues of $250,000 or less for the preceding 2 years, net worth less than $1 million, and operations in solar energy, biotechnology, biofuel, commercial space flight, simulation software, or sensors.

Modifies borrower eligibility requirements to allow small technology companies to qualify for loan guarantees even if they do not meet the standard 25-employee or $1.5 million revenue thresholds.

Appropriates $50 million in nonrecurring General Revenue Fund dollars to the Department of Economic Opportunity for fiscal year 2015-2016 to guarantee loans exclusively for small technology companies.

Takes effect July 1, 2015.