18 Sep The Florida Small Business Emergency Bridge Loan Program has been activated by the Governor of Florida
Attention Small Business Owners: The Florida Small Business Emergency Bridge Loan Program has been activated by the Governor of Florida as a result of Hurricane Irma.
This program provides a source of expedient cash flow to Florida small businesses that have been physically and/or economically impacted by the storm. These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.
The Emergency Bridge Loan Program is not designed to be the primary source of assistance to affected small businesses, which is why eligibility is linked to pursuit of other sources. Please note: Loans made under this program are short-term debt loans made by the state of Florida using public funds. They are not grants. Emergency Bridge Loans require repayment by the approved applicant from business receipts, insurance proceeds received, or longer-term disaster recovery assistance.
Details please refer to this link: http://www.floridadisasterloan.org/