Applications can be submitted from now until November 14 or until the $ 5 million allocated is used up.
FLORIDA, USA – As areas hit by Hurricane Sally work to rebuild, Florida Governor Ron DeSantis is working to help small businesses on the path of the storm.
On Wednesday it activated the Florida Small Business Emergency Bridge Loan program, which provides short-term zero-interest loans to small businesses that suffered physical or economic damage during Hurricane Sally.
Applications can be submitted starting Wednesday through November 14 or until the $ 5 million awarded is used up.
“The intense wind, rain, and flooding of Hurricane Sally caused extensive damage in northwest Florida,” DeSantis said. “We are working diligently to help these communities recover and I encourage affected small business owners to apply for the Florida Small Business Emergency Bridge Loan to assist them with the necessary reconstruction funds.”
The purpose of the loans is to help bridge the gap between when the damage occurred and when the long-term financing is secured.
“We want to do everything we can to help families, businesses and communities affected by Hurricane Sally recover quickly and be resilient for the future,” said Dane Eagle, executive director of Florida’s Department of Economic Opportunities. “Hurricane Sally led to destructive flooding of the coastal area in northwest Florida and DEO will continue to work with these companies and communities during the recovery process.”
Small business owners with 2-100 employees located in Escambia, Okaloosa and Santa Rosa counties affected by Hurricane Sally can apply for short-term loans. Loans amount to $ 50,000 or, in special cases, $ 100,000.
The DEO is currently reviewing companies in affected counties through the Florida Business Damage Assessment survey. To access the survey, you need to visit www.FloridaDisaster.biz and select “Hurricane Sally” from the drop-down menu.
Then you’ll need to go to www.FloridaJobs.org/EBL to apply and learn more about eligibility requirements for the Florida Small Business Emergency Bridge Loan.
What others are reading right now:
► Breaking news and weather alerts: Download the free 10 Tampa Bay app