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Florida’s Small Business Emergency Bridge Loan Program

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Emergency Bridge Loan Program

Florida’s Small Business Emergency Bridge Loan Program will provide up to $50 million in short-term, interest-free loans to small businesses that experienced economic injury from COVID-19.

Federal government actions

Congress, the White House, and other federal agencies have been taking swift action to provide rapid financial relief to small businesses. Additional actions are likely in the coming days and weeks, and we will update you when those federal actions become final.

  • The Federal Reserve has announced that it will cut interest rates to 0% and take additional steps to stabilize the economy.
  • The Small Business Administration (SBA) has been given authority to issue $7 billion in loans for disaster relief. Through this authority, the SBA can provide up to $2 million in disaster loans to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of COVID-19. Check the SBA website to see if your area has been declared eligible for disaster loan assistance.
  • The Secretary of the Education will be waiving interest on all student loans held by the Federal Government.
    Emergency Bridge Loan Program

About the Emergency Bridge Loan Program

The Florida Small Business Emergency Bridge Loan Program was first activated following Hurricane Andrew in 1992. It has been activated 26 additional times following disasters and has helped more than 4,750 small businesses statewide to receive more than $157.5 million in assistance.

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Contact Information

For questions regarding the Emergency Bridge Loan Programs, please contact the Florida Small Business Development Center (SBDC) Network Headquarters. Email: Disaster@FloridaSBDC.org.  Phone toll-free: (866) 737-7232.

About the Emergency Bridge Loan Program

The Florida Small Business Emergency Bridge Loan Programs was first activated following Hurricane Andrew in 1992. It has been activated 26 additional times following disasters and has helped more than 4,750 small businesses statewide to receive more than $157.5 million in assistance.

https://gusto.com/blog/business-finance/coronavirus-relief-resources

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