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DeSantis Activates Small Business Emergency Loan Program for Companies Impacted by Recent Tornadoes

Below is an official statement from the office of Florida Gov. Ron DeSantis regarding emergency loans to assist businesses that were impacted by recent tornadoes and severe weather earlier this week.

Governor Ron DeSantis today activated the Florida Small Business Emergency Bridge Loan Program, making $10 million available for businesses impacted by yesterday’s severe weather, including multiple tornadoes. Florida small business owners in need of assistance are encouraged to visit www.FloridaJobs.org/EBL to apply for the Florida Small Business Emergency Bridge Loan Program. Businesses in Bay and Jackson counties, including sole proprietors, are eligible to apply.

The program provides short-term, zero-interest loans to small businesses that experienced economic injury or physical damage due to January’s severe weather. Interested applicants can apply now through March 9, 2024, or until all available funds are expended.

Eligible small businesses may apply for loans of up to $50,000 through the program. Loans approved through the Emergency Bridge Loan Program are intended to “bridge the gap” between the time a disaster impacts a business and when a business has secured longer-term recovery funding, such as federally or commercially available loans, insurance claims, or other resources.

FloridaCommerce administers the Emergency Bridge Loan Program alongside its fiscal administrator, Florida First Capital Finance Corporation. Loans made under this program are short-term, zero-interest, personal loans using State of Florida funds. They are not grants and loans must be repaid by the approved applicant.

Visit www.FloridaJobs.org/EBL to learn more about the program, view the lending guidelines and required documentation, and complete an application by the March 9, 2024, deadline. Business owners who need further program information may call 833-832-4494 Monday through Friday from 8:00 a.m. to 6:00 p.m., Eastern Time.

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  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

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Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

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