What are the terms of the Florida Small Business Emergency Bridge Loan Program?
Eligible Florida small business applicants can apply for an interest-free, 1-year working capital loan for up to $50,000.
For purposes of the Emergency Bridge Loan Program, an amount greater than the program maximum ($50,000), up to $100,000 may be applied and awarded if there is a bonafide business reason that more is necessary to the recovery and restored operations of the business.
Can I receive more than 1 Emergency Bridge Loan if I have multiple businesses or multiple business locations?
For purposes of the Emergency Bridge Loan Program, a “business” is defined as an entity that files a federal business tax return. If you have multiple businesses, and each business files its own federal business tax return, you can receive 1 Florida Emergency Bridge Loan for each business. If you have a business with multiple business locations, you can not receive more than 1 Emergency Bridge Loan for each location.