The BRIDGE Broward program—an acronym for Broward Resources for Inclusive Development & Growth for Entrepreneurs—will deploy $900,000 in direct loans to an estimated 36 local businesses. Beyond the capital infusion, the program mandates a hands-on coaching component. Ascendus will collaborate with Prospera, Hispanic Unity of Florida, and the Urban League’s Central County Community Development Corporation to provide the technical expertise necessary for long-term financial stability.

For entrepreneurs who fall outside the reach of conventional bank financing, the program offers microloans ranging from $500 to $100,000 and lines of credit reaching $50,000 at a 13.99% fixed rate. Organizers anticipate that the initiative will support the creation or retention of roughly 160 jobs across the county. This strategy reflects a broader move to bolster small businesses as they contend with tightening credit markets and rising operational costs in South Florida.