Governor Ron DeSantis has activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19

Governor Ron DeSantis has activated 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 experience economic injury from COVID-19.

The 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 loans.

Small business owners with two to 100 employees located in Florida affected by COVID-19 can apply for short-term loans up to $50,000

The loans are interest-free for up to one year

Up to $50 million dollars has been allocated for the program.

To be eligible, a business must have been established prior to March 9, 2020 and demonstrate economic impacts as a result of COVID-19.

The application period runs through May 8, 2020.

You can get more information on the program at www.floridadisasterloan.org.

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