FORT MYERS, Fla. (Mar. 23, 2020) – Governor Ron DeSantis has activated the Emergency Bridge Program for small businesses and the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to Florida small businesses suffering substantial economic injury as a result of COVID-19.
Businesses can now apply for a Florida Small Business Emergency Bridge Loan. 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. Eligible businesses can then apply for the SBA Loan and use the funds to pay back the Bridge Loan. The application period runs through May 8, 2020. The application form and additional details can be found at http://www.FloridaDisasterLoan.org.
SBA Economic Injury Disaster Loans offer up to $2 million in assistance per small business and most private, non-profit organizations, providing vital economic support to help overcome temporary loss of revenue.
Applicants can contact SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information. Individuals who are deaf or hard-of-hearing may call (800) 877-8339. The deadline to apply for an Economic Injury Disaster Loan is Dec. 18, 2020. For more information about available SBA resources and services, please visit: www.SBA.gov/coronavirus.
Businesses located in Lee County can visit https://fsbdcswfl.org/ to complete the appointment form. Staff at the Florida SBDC will contact applicants to assist small business clients by phone or email (in accordance with the Center for Disease Control’s best practices regarding COVID-19).