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Governor Ron DeSantis Activates the Florida Small Business Emergency Bridge Loan Program, Making $5 Million Available for Businesses Impacted by Flooding in Southeast Florida

4/21/2023

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

Today, Governor Ron DeSantis activated 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. Florida’s small business owners in need of assistance are encouraged to visit www.FloridaJobs.org/EBL to apply for the Florida Small Business Emergency Bridge Loan Program.

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.

Visit www.FloridaJobs.org/EBL to learn more about the program, view the lending guidelines and required documentation, and complete an application by the June  19, 2023, deadline. Business owners who need further program information may call 833-832-4494 Monday through Friday from 8:00 a.m. to 5:00 p.m., Eastern Time.

 

Updated: Friday, April 21, 2023
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