Florida Small Business Emergency Bridge Loan
Florida Small Business Emergency Bridge Loan supports Florida small businesses with short-term working capital loans to bridge disaster-related funding gaps while they secure longer-term recovery resources.
This grant was recently updated
The loan limit increased from $50,000 to $100,000 per business per eligible applicant. The notice stating that the program was inactive and applications were not being accepted has been removed.
Funder: FloridaCommerce
Due Dates: Not specified
Funding Amounts: Up to $100,000 per business per eligible applicant; up to $150,000 for eligible agriculture and aquaculture businesses; one-year, zero-interest loans
Summary: Short-term working capital loans help Florida small businesses bridge disaster-related funding gaps while securing longer-term recovery resources.
Key Information: These are personal business loans, not grants, and must be repaid by the approved applicant.
Description
The Florida Small Business Emergency Bridge Loan Program, administered by FloridaCommerce, provides short-term, interest-free working capital after a disaster impacts a business. It addresses the gap between the immediate impact of a major catastrophe and the point when a business secures longer-term recovery funding.
The program uses State of Florida funds to provide temporary financing rather than serve as a business’s longer-term recovery resource. Those longer-term resources may include federally or commercially available loans, insurance claims, or other funding. Owners may use longer-term financing, including U.S. Small Business Administration Economic Injury Disaster Loans, to repay an Emergency Bridge Loan.
