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Ron DeSantis Activates Emergency Bridge Loan Program for Broward Businesses Hurt by Floods

Last week, Gov. Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program, making $5 million available for businesses impacted by flooding in Southeast Florida.

Businesses in Broward County, including sole proprietors, are eligible to apply. Florida’s 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.

The program, administered by the Florida Department of Economic Opportunity (DEO), provides short-term, zero-interest loans to small businesses that experienced economic injury or physical damage due to the flooding in Southeast Florida. Interested applicants can apply now through June 19 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.

See also  Ron DeSantis Appoints Four to the Valencia College District Board of Trustees

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.

DEO administers the Emergency Bridge Loan Program alongside its fiscal administrator, Florida First Capital Finance Corporation.

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