Governor Ron DeSantis Activates Florida Small Business Emergency Bridge Loan Program

Coconut Telegraph

SRQ DAILY WEDNESDAY PHILANTHROPY EDITION WEDNESDAY MAR 18, 2020

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. DEO will administer the Florida Small Business Emergency Bridge Loan Program in partnership with the Florida SBDC Network and Florida First Capital Finance Corporation to provide cash flow to businesses economically impacted by COVID-19. The short-term, interest-free loans help bridge the gap between the time the economic impact occurred and when a business secures other financial resources, including payment of insurance claims or longer-term Small Business Administration (SBA) loans. Up to $50 million has been allocated for the program.

For more information on how to apply, the link is below. https://floridadisasterloan.org/

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