U.S. Small Business Administration (SBA) To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans |
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Please note that Economic Injury Disaster Loans (EIDL) are now available to eligible small businesses across all Florida counties under SBA’s latest declaration. |
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Florida Small Business Emergency Bridge Loan |
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CORONAVIRUS: Disaster Response and Readiness
Update: 3/16/20 |
FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN |
Governor Ron DeSantis announced the activation of the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19.
The application period opened on March 17, 2020 and runs through May 8, 2020. Basic information include:
Applicant:
Loans will only be made to an individual or individuals who own, individually or collectively, at least 51% of an Eligible Business. The Eligible Business owners must serve as guarantor for the loan and only one loan may be made per Eligible Business.
Amount (Max):
Businesses with less than two (2) employees: $25,000 per Business Max
Business with two (2) to 100 Employees: $50,000 per Business Max
(loans of up to $100,000 may be made in special cases)
Terms:
All loans will be due one (1) year from the date of the promissory note
Interest:
Loans are interest free for the term (1 year) of the loan
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Local contact information for help with these loans is Sean Callahan, Collier County Executive Director of Corporate Business Operations
Sean.Callahan@colliercountyfl.gov
(239) 252-8348
Eligible businesses can apply for both SBA and Emergency Bridge loans
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