Resources for Small Businesses Impacted by the Coronavirus

Coronavirus Bridge Loans |  SBDC at Florida A&M

Has your business been impacted by the Coronavirus (COVID-19)? We are here to provide access to the capital and resources you need to recover.

If your business has been adversely impacted by COVID-19 you may qualify for a no-interest state and/or a low-interest federal business disaster loan. In this section of our website, you will find a wealth of information to help you with your business recovery efforts, including details about State and Federal Disaster Loan Programs; information on Where to Find Assistance; Additional Resources; and more.


State and Federal Disaster Loan Programs 

Florida Small Business Emergency Bridge Loan (EBL) Program

The Florida Small Business Emergency Bridge Loan Program has been activated by the Governor to provide short-term, interest-free loans to businesses impacted by COVID-19. Administered by the Florida Department of Economic Opportunity (DEO) in partnership with the Florida SBDC Network and Florida First Capital Finance Corporation (FFCFC), the Bridge Loan program helps businesses bridge the gap between the time damage is incurred and when a business secures other financial resources, including payment of insurance claims or longer-term U.S. Small Business Administration loans.

Activated: COVID-19

Click Here for information about eligibility, loan program details, and how to apply
Application Filing Deadline:  May 8, 2020

Coronavirus Bridge Loan Program SBDC at Florida A&M

 

 


 

U.S. SBA Economic Injury Disaster Loans (EIDL)

The President has activated a presidential disaster declaration in response to COVID-19. Impacted businesses, small agricultural cooperatives, and private nonprofit organizations may apply for low-interest loans through the U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) Program. If your business has suffered substantial economic injury, you may qualify for an EIDL. EIDLs provide working capital to help businesses survive until normal operations resume after a disaster. The SBA can provide up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.

Activated: COVID-19

Click Here for information about eligibility, loan program details, and how to apply
Application Filing Deadline:  December 18, 2020

Coronavirus Bridge Loan Program SBDC at Florida A&M

 

 


 

Where to Find Assistance

Our Florida SBDC disaster recovery specialists are available to provide no-cost, one-on-one confidential consulting to help you prepare disaster loan applications and assist with other post-disaster challenges you encounter. Please note that consultations are taking place via phone call or virtual meeting.

Contact the Small Business Development Center at Florida A&M University: 1-850-599-3407