Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period opens today, March 17, 2020 and runs through May 8, 2020.
Small business owners with two to 100 employees located in Florida affected by COVID-19 can apply for short-term loans up to $50,000. These loans are interest-free for up to one year and are designed to bridge the gap to either federal SBA loans or commercially available loans. The DEO will work with every borrower to ensure that repayment of the loan isn’t an overwhelming burden. To be eligible, a business must have been established prior to March 9, 2020 and demonstrate economic impacts as a result of COVID-19.
Here is a list of other resources available:
- Families First Coronavirus Response Act
- GrowFL COVID-19 Business Resource Center
- Florida Department of Health
- Business Damage Assessment Survey
- SBA Resources
- NAM COVID-19 Resources
- CLA Resources
- Fringe Benefit Plans Resources:
For other assitance, please do not hesitate to reach out to MACF staff. 407-897-3384 or email@example.com.