Florida Small Business Bridge Loan Program makes a total of $50 million available to businesses in eligible counties – $10 million which is dedicated to agriculture producers impacted by Hurricane Ian.

Loans approved through the program are intended to “bridge the gap” between the time a disaster hits & the time when longer term revenue resources are secured.  Loans are:Available for economic injury or physical damageShort-TermZero-InterestApplicants may apply for loans up to $50,000Considered personal loans using State of Florida fundsThey are loans and must be repaidApplications accepted through December 2, 2022 or until funds are expendedApplications and information may be found at: https://deosera.force.com/RebuildFloridaBusinessLoanFund/s/Florida Department of Economic Opportunity (DEO) administers the Emergency Bridge Loan Program alongside its fiscal administrator, Florida First Capital Finance Corporation.  
SBA Adds Flagler Businesses & Homes to Eligible List for Loans
The U.S. Small Business Administration (SBA) added Flagler to the list of eligible counties for business & home disaster loans in the aftermath of Hurricane Ian.

Business Physical Disaster Loans  Loans to repair/replace damaged property owned by a business. Low Interest LoansIncludes real estate, inventory, supplies, machinery & equipment. Open to private sector & non-profit organizations.Loans available up to $2 million based upon verification & cannot exceed the verified uninsured disaster loss.Application Deadline:  November 28, 2022https://disasterloanassistance.sba.gov/elaEconomic Injury Disaster Loans (EIDL)  Working capital loans to help small business meet their ordinary and necessary financial obligations through a recovery period.Low Interest LoansOpen to small businesses, agriculture cooperatives, non-profit organizations.Loans up to $2 million for owners who cannot provide for their own recovery.Application deadline:  June 29, 2023https://disasterloanassistance.sba.gov/ela.Home Disaster Loans Loans for the repair or replacement of real estate or personal property.Low Interest LoansHome loans up to $200,000 for repair or replacement of real estate.Loans up to $40,000 to repair or replace personal property.Applicants may apply online, receive additional disaster assistance information, and download applications at https://disasterloanassistance.sba.gov/ela. Applicants may also call the SBA Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Those who are deaf, hard of hearing, or have a speech disability, should dial 7-1-1 to access telecommunications relay services.
Business Damage Assessment SurveyThe Florida Department of Economic Opportunity (DEO) and the State Emergency Response Team (SERT) activated the Business Damage Assessment Survey in response to Hurricane Ian.  Survey results will help the State expedite Hurricane Ian recovery efforts by gathering data and assessing the needs of Florida businesses. 

*A special thank you to Palm Coast & The Flagler Beaches Economic Development Department for sharing this information.

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