Please ensure Javascript is enabled for purposes of website accessibility

$50 million in loans available in wake of Ian

The state of Florida is making bridge loans available to small businesses hurt by hurricane until they can secure longer term funding.


The state of Florida is making bridge loans available to small businesses hurt by hurricane until they can secure longer term funding. (Photo by Reagan Rule)
The state of Florida is making bridge loans available to small businesses hurt by hurricane until they can secure longer term funding. (Photo by Reagan Rule)
  • Manatee-Sarasota
  • Share

Florida is making $50 million available for loans to small businesses affected by Hurricane Ian. Of that, $10 million is earmarked for agricultural producers.

According to Gov. Ron DeSantis’ office, the Florida Small Business Emergency Bridge Loan Program offers short-term, zero-interest loans to small businesses suffering from economic injury or physical damage due to the storm. 

The program is being administered by the Florida Department of Economic Opportunity and applications are open through Dec. 2 or until funds run out. Small businesses that qualify may apply for loans of up to $50,000.

The loans, according to governor’s office, are meant to “bridge the gap” between the disaster and when a company can find a long-term funding solution.

Companies in Charlotte, Collier, DeSoto, Flagler, Glades, Hardee, Hendry, Highlands, Hillsborough, Lake, Lee, Manatee, Monroe, Orange, Osceola, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns and Volusia counties are eligible to apply.

 

Related Articles

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.