: Between $1,000 and $50,000 per eligible small business.
Term: Loans may be for periods of up to 180 days.
Limitation: Only one loan may be made per eligible business. All previous bridge loans received MUST be paid in full.
Interest: Interest will accrue at 18% per annum during the term of the loan. After the maturity date, the interest rate will remain 18% per annum until the loan is repaid in full.
Interest Forgiveness: If the borrower repays the loan in full on or before the maturity date then any interest that accrued during the term of the loan will be forgiven.
Payments: Loans must be repaid in full by the maturity date of the established term.
For questions regarding the Emergency Bridge Loan Program, please contact the Florida Small Business Development Center (SBDC) Network Headquarters. Email: firstname.lastname@example.org. Phone toll-free: (866) 737-7232.
About the Emergency Bridge Loan Program
The Florida Small Business Emergency Bridge Loan Program was first activated following Hurricane Andrew. It has been activated 22 additional times following disasters and has helped more than 3,550 small businesses statewide to receive more than $97.9 million in assistance.