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The State of Florida Activates Bridge Loan Program to Help Small Businesses Impacted by Coronavirus

Small Business Administration Economic Injury Disaster Loan

Florida business owners:

Here is some information for you regarding the Florida Small Business Emergency Bridge Loan program:

The Small Business Development Center Florida Small Business Emergency Bridge Loan program is separate from the Small Business Administration Economic Injury Disaster Loan. 

The SBDC Florida Small Business Emergency Bridge Loan will take 30 to 45 days for approval and is a much quicker process than the SBA Economic Injury Disaster Loan process which will take at minimum 30 to 60 days or more to get approved.

The SBDC Florida Small Business Emergency Bridge Loan amounts are between $50K -$100K

If an entity applies for both the SBDC Florida Small Business Emergency Bridge Loan and the Small Business Economic Injury Disaster Loan and is approved by both then the SBA Economic Injury Disaster Loan will “pay off” the SBDC Florida Small Business Emergency Bridge Loan.

If you need assistance with applying for either of these loans, please let us know.  We are here to help you.