Florida Small Business Emergency Bridge Loan (EBL) Program
Managed by: Florida Department of Economic Opportunity (DEO).
Application period: March 17, 2020 through May 8, 2020.
Application period is also contingent upon fund availability.
Eligibility: Small business owner with two to 100 employees.
All Florida counties are eligible.
Business opened before March 9, 2020.
Amount: Up to $50,000. This is a loan NOT a grant.
Terms: 0% interest for one year. 12% after that.
Web site: Emergency Bridge Loan
Apply for this first, as it is designed to be a faster process than SBA or federal assistance.
Typically, borrowers have the intent to repay the EBL with an SBA disaster loan; bank loan; or other resources, like revenues, that will be available in the future.
We are here to guide you through this process and anything else to help you get through COVID-19. Email firstname.lastname@example.org. Please put COVID-19 in the subject line. Or call us at 727-327-1999.
In addition to the monthly newsletter and weekly blog we will be sending COVID-19 updates through “Email Updates”.
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We encourage businesses outside of Florida to check with their state agencies about Emergency Bridge Loans.