Small Business Emergency Bridge Loan
The Small Business Emergency Bridge Loan Program supports businesses impacted by disaster by providing short-term, interest-free loans to small businesses that experienced physical or economic damage during the storm. The program bridges 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.
Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support agricultural producers impacted by Hurricane Michael. The program will have $25 million to help agricultural producers prepare for the upcoming growing seasons as part of ongoing recovery efforts from Hurricane Michael.
Designated disaster areas include Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Jefferson, Leon, Liberty, Okaloosa, Wakulla, Walton and Washington counties.
The deadline to apply is June 30, 2019.
Florida Catastrophic Bridge Loan Details
Amount: Up to $200,000 per eligible business.
Term: Loans may be for periods of up to two years.
Limitation: Only one loan may be made per eligible business. All previous bridge loans received MUST be paid in full.
Interest: Loans will be interest free for the term of the loan.
Payments: Loans must be repaid in full by the maturity date of the established term.
For more information, or to apply for a loan, please visit www.floridadisasterloan.org