Governor Ron DeSantis Activates the Florida Small Business Emergency Bridge Loan Program, Making $5 Million Available for Businesses Impacted by Flooding in Southeast Florida
Businesses in Broward County, including sole proprietors, are eligible to apply
The program, administered by the Florida Department of Economic Opportunity (DEO), provides short-term, zero-interest loans to small businesses that experienced economic injury or physical damage due to the flooding in Southeast Florida. Interested applicants can apply now through June 19, 2023, or until all available funds are expended.
Eligible small businesses may apply for loans of up to $50,000 through the program. Loans approved through the Emergency Bridge Loan Program are intended to “bridge the gap” between the time a disaster impacts a business and when a business has secured longer term recovery funding, such as federally or commercially available loans, insurance claims, or other resources.
Loans made under this program are short-term, zero-interest, personal loans using State of Florida funds. They are not grants and loans must be repaid by the approved applicant.
DEO administers the Emergency Bridge Loan Program alongside its fiscal administrator, Florida First Capital Finance Corporation.
###
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
