For loan application assistance, or help with other post-disaster challenges, visit us online at
sbdc.fau.edu.
State Designated as Florida's Principal Provider of Business Assistance [Fla. Stat. § 288.001]
STATE: Florida Small Business Emergency Bridge Loan is a short-term, interest-free
loan available to small business owners located in Florida that experienced
economic damage as a result of COVID-19. The program is meant to bridge
the gap from the time of impact and when the business secures long-term
assistance, such as insurance claims or an SBA Economic Injury Disaster Loan.
FEDERAL: U.S. SBA Economic Injury Business Disaster Loan for small businesses,
small agricultural cooperatives, small businesses engaged in aquaculture,
and most private nonprofit organizations. The purpose of this loan is to provide
working capital to help small businesses survive until normal operations
resume. Eligible small businesses may qualify for a loan of up to $2,000,000
at an interest rate of 3.75 percent for a term of up to 30 years.