ACTIVATED
FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN
Today, Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19.
The application period opens March 17, 2020 and runs through May 8, 2020. Basic information include
Applicant:
Loans will only be made to an individual or individuals who own, individually or collectively, at least 51% of an Eligible Business. The Eligible Business owners must serve as guarantor for the loan and only one loan may be made per Eligible Business.
Amount (Max):
Businesses with less than two (2) employees: $25,000 per Business Max
Business with two (2) to 100 Employees: $50,000 per Business Max
(loans of up to $100,000 may be made in special cases)
Terms:
All loans will be due one (1) year from the date of the promissory note
Interest:
Loans are interest free for the term (1 year) of the loan
The application form and additional details can be found at FloridaDisasterLoan.org.
FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN
Today, Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19.
The application period opens March 17, 2020 and runs through May 8, 2020. Basic information include
Applicant:
Loans will only be made to an individual or individuals who own, individually or collectively, at least 51% of an Eligible Business. The Eligible Business owners must serve as guarantor for the loan and only one loan may be made per Eligible Business.
Amount (Max):
Businesses with less than two (2) employees: $25,000 per Business Max
Business with two (2) to 100 Employees: $50,000 per Business Max
(loans of up to $100,000 may be made in special cases)
Terms:
All loans will be due one (1) year from the date of the promissory note
Interest:
Loans are interest free for the term (1 year) of the loan
The application form and additional details can be found at FloridaDisasterLoan.org.
