The Florida Department of Economic Opportunity has awarded more than 49 million dollars to 1000 businesses in Florida through the Florida Small Business Emergency Bridge Loan

The Florida Department of Economic Opportunity has awarded more than 49 million dollars to 1000 businesses in Florida through the Florida Small Business Emergency Bridge Loan.

There have been more than 38 thousand applications into the program since it was opened on March 17th.

The bridge loan program provides short-term, interest-free loans to small businesses experiencing economic injury from COVID-19.

The loans are designed to provide operating funds to businesses until they can find other financial resources, like 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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