Florida Department of Economic Opportunity Awards More Than 1,000 Small Business Bridge Loans

Coconut Telegraph

SRQ DAILY FRESHLY SQUEEZED CONTENT EVERY MORNING TUESDAY APR 14, 2020

This past Saturday, the Florida Department of Economic Opportunity announced more than 1,000 small businesses have been awarded more than $49 million from the Florida Small Business Emergency Bridge Loan. The bridge loan program, managed by DEO, provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. Additionally, DEO announced the availability of business resources to help businesses recovering from the economic impacts resulting from COVID-19. “We appreciate Governor DeSantis’ steadfast commitment to helping small businesses sustain the economic impacts created by COVID-19,” said Ken Lawson, Executive Director of the Florida Department of Economic Opportunity. “We are proud to stand with Florida businesses by providing them with additional resources during these challenging times. We appreciate the help of our Florida Small Business Emergency Bridge Loan partners, Florida Small Business Development Center and Florida First Capital Finance Corporation, for working diligently to process applications and provide loans as quickly as possible.”

Since the application period opened on March 17, DEO has received more than 38,000 applications for the Florida Small Business Emergency Bridge Loan. As of Friday, April 10, 2020, more than 1,000 applications have been approved totaling more than $49 million. DEO will continue to review all applications that are received online or postmarked by Monday, April 13, 2020. DEO and its Emergency Bridge Loan partners will continue to quickly and efficiently review, approve and provide loans to Florida businesses affected by the economic impacts of COVID-19 until available funds are expended. Businesses who are looking for information about the status of their application should visit www.FloridaJobs.org/COVID-19 and select Check Application Status under Florida Small Business Emergency Bridge Loan to sign-in to your account.

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