Tag: florida small business emergency bridge loan program

The declaration includes public assistance for all categories in Escambia County and public assistance Category B (emergency protective measures) for Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Liberty, Okaloosa, Santa Rosa, Walton and Washington Counties. The Florida Division of Emergency Management (FDEM) remains in close contact with FEMA to help additional counties receive the declaration for full public assistance.

The Florida Department of Economic Opportunity (DEO) administers the Emergency Bridge Loan program that provides short-term, zero-interest loans to small businesses that experienced physical damage or economic injury during Hurricane Sally.

Earlier this week, Fried met with around 50 North Florida farmers suffering damage from the Category 2 storm. Many Florida agriculture producers are facing up to 100 percent crop losses, and cannot wait for potential federal financial assistance.

The bridge loan program, managed by DEO, provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. Additionally, DEO announced the availability of business resources to help businesses recovering from the economic impacts resulting from COVID-19.

At the end of last week, Gov. Ron DeSantis announced that the Florida Department of Economic Opportunity (DEO) approved the first two Small Business Emergency Bridge Loans to businesses impacted by COVID-19.

On Monday, Gov. Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by coronavirus and COVID-19.

On Friday, Gov. Ron DeSantis extended the Florida Small Business Emergency Bridge Loan Program to help agriculture hurt by Hurricane Michael through July 12.

“The program will have $25 million to help agricultural producers prepare for the upcoming growing seasons as part of ongoing recovery efforts from Hurricane Michael,” the governor’s office noted.

Run by the Florida Department of Economic Opportunity (DEO), these loans “will provide short-term, interest-free loans to small businesses that experienced physical or economic damage during Hurricane Michael."

According to Scott’s office, the “bridge loan program, managed by DEO, provides short-term, interest-free loans to small businesses experiencing physical or economic loss.”