March 17, 2020
Florida Governor, Ron DeSantis has activated the Florida Small Business Emergency Bridge Loan Program (EBL). This unique and powerful economic assistance program is now currently available to small business owners located in all Florida counties statewide that have experienced economic damage as a result of COVID-19.
These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer-term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.
Small Biz Florida host Tom Kindred speaks with Michael Myhre, CEO of the Florida SBDC Network, the organization that serves as the primary point of contact for the Florida Small Business EBL program. Mike discusses the details regarding the EBL program: application period, eligibility requirements, how and where to apply, loan terms, etc.