FloridaCommerce has approved more than $2.1 million in funding through the Florida Small Business Emergency Bridge Loan Program to support small businesses affected by recent flooding in South Florida. To date, 66 businesses have been approved to receive these funds, which are designed to provide interim financial relief while they await other sources of funding, such as insurance payouts.
Eligible small businesses in South Florida can apply for loans of up to $50,000 through the program. These loans aim to "bridge the gap" between the time a disaster impacts a business and when longer-term recovery funding becomes available. This may include federally or commercially available loans, insurance claims, or other resources. Small business owners needing assistance are encouraged to visit FloridaJobs.org/EBL to apply.
FloridaCommerce administers the Emergency Bridge Loan Program with its fiscal administrator, Florida First Capital Finance Corporation. The program offers short-term, zero-interest personal loans using State of Florida funds. These loans are not grants and must be repaid by the approved applicants.
Businesses located in Broward, Collier, Lee, Miami-Dade, and Sarasota counties, including sole proprietors, are eligible to apply until August 12, 2024.
For more information about the program or to complete an application before the deadline, visit FloridaJobs.org/EBL. Business owners seeking additional details may call 833-832-4494 Monday through Friday from 8 a.m. to 5 p.m., Eastern Daylight Time.
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