DeSantis activates Florida Small Business Emergency Bridge Loan Program

To support small businesses with the economic stress from the economic impact of COVID-19, Florida's Small Business Emergency Bridge Loan Program has been activated. The loans are short-term, and interest-free intended to help bridge between the time the economic impact occurs and when the business secures other financial resources, which includes insurance claim payments or longer-term loans from the SBA.

The program offers small business loans up to $50k per business and loans of up to $100k for exceptional cases. The loans are interest-free for one year, and then a 12% annual rate will apply to the remaining balance of the loan.

Applications are being accepted through May 8, 2020, and are contingent on available funds. Only loan applications from qualified privately held, for-profit small businesses that have a place of business in the state of Florida established before March 9, 2020, and were hurt economically by the impact of COVID-19 may be submitted.

For more information about the program please visit floridadisasterloan.org