May 8th deadline to apply for emergency loan for small businesses impacted by COVID-19

March 18, 2020

On March 9, 2020 the Governor signed Executive Order #20-52 declaring a State of Emergency for the entire State of Florida. The Governor also activated the Emergency Bridge Loan Program for Small Businesses Impacted by COVID-19 on March 16th to provide relief to small businesses (2 to 100 employees.) This program is administered by The Florida Department of Economic Opportunity. The eligibility and loan process can be found at: https://floridadisasterloan.org/eligibility-and-loan-process/.

The Small Business Emergency Bridge Loan Application has a current deadline of May 8, 2020. Generally, loans are limited to $50,000 although special cases may be eligible for loans up to $100,000. Additional information and loan details can be found at: http://www.floridadisasterloan.org/. Questions can also be directed to the Florida Small Business Development Center Network Headquarters, email: Disaster@FloridaSBDC.org and toll-free: (866) 737-7232.

Additionally, the Executive Order #20-68 was issued on March 17, 2020 and directly affects bars, pubs, restaurants, and beaches. The Executive Order and brief summary are attached.

If you have any questions about applying for the Bridge Loan Program, please do not hesitate to contact Robert Angus Williams at rwillliams@llw-law.com  or Fred Aschauer at faschauer@llw-law.com or at 850.222.5702.