Nearly $13 million dollars has been
awarded through the Florida Small Business Emergency Bridge Loan for
agricultural producers after Hurricane Michael.
According to the Department of Revenue,
more than 70 applications have been approved from farmers in the 14
counties hit hardest by the storm including Franklin, Gulf, Liberty
and Wakulla counties.
The program had $25 million dollars to
distribute – but only about half of it was needed.
The money will help farmers prepare for
the upcoming growing seasons with short-term, interest-free loans to
help bridge the gap between the time damage is incurred and when a
producer secures other financial resources.
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