Florida Small Business Emergency Bridge Loan Program
Forecasted
Florida Small Business Emergency Bridge Loan Program supports small businesses affected by major catastrophes with short-term working capital loans while they await longer-term recovery funding.
Funder: FloridaCommerce
Due Dates: No deadline posted (program inactive)
Funding Amounts: Loans up to $50,000 per business per eligible applicant; one year at zero interest
Summary: Short-term working capital loans help small businesses bridge the period between a catastrophe and longer-term recovery funding.
Key Information: These are personal business loans, not grants, and approved applicants must repay them.
Description
The Florida Small Business Emergency Bridge Loan Program, run by FloridaCommerce, provides short-term working capital to small businesses affected by a major catastrophe. It is intended to bridge the gap between a disaster’s impact on a business and the availability of longer-term recovery resources.
Those resources may include federally or commercially available loans, insurance claims, or other funding. The program uses State of Florida funds to make zero-interest loans; it is not a long-term recovery grant. Business owners may use later recovery funding, such as a U.S. Small Business Administration Economic Injury Disaster Loan, to repay an Emergency Bridge Loan.
