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  • State of Florida Opens Bridge Loan Program for COVID-19

    The Florida Small Business Emergency Bridge Loan Program is currently available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19.

    Designated Disaster Areas: All Florida counties statewide per Executive Order 20-52.

    Qualified Applicant: Applications will be accepted by qualified for-profit, privately held small businesses that maintain a place of business in the state of Florida. All qualified applicants must have been established prior to March 9, 2020, and suffered economic injury as a result of the designated disaster. Qualified small business applicants must be an employer business with 2 to 100 employees.

    Amount: Up to $50,000 per eligible small business.  Loans of up to $100,000 may be made in special cases as warranted by the need of the eligible small business.

    Term: 1 year.

    Limitation: Only one loan may be made per eligible business. All previous bridge loans received MUST be paid in full.

    Interest Rate: Loans will be interest-free for the loan term (1 year). The Interest rate will be 12% per annum on the unpaid balance thereafter, until the loan balance is repaid in full.  Loan default is subject to a normal commercial collection process.

    Application Period: Applications will be accepted by qualified Florida agricultural producers under this program through May 8, 2020, contingent on the availability of funds.

    To Get Started:
    1. Review eligibility requirements and loan process.
    2. Download, complete and sign the application form.
    3. Gather required support documentation.
    4. Contact and submit completed and signed application and support documentation to your local Florida Small Business Development Center (SBDC).