Businesses in Florida can now apply for interest-free loans

Businesses in Florida can now apply for interest-free loans

Businesses in Florida can now apply for interest-free loans
Reading Time: < 1 minute(Last Updated On: March 18, 2020)

New interest free loans are now available for certain businesses in Florida State.

“I understand the harm mitigation strategies will have on small businesses throughout our state. By activating the Florida Small Business Emergency Bridge Loan, we are providing the opportunity for Florida’s small businesses to receive cash immediately to ensure they can lessen the impacts felt as a result of COVID-19.”

 

This is the encouraging message Florida Governor Ron DeSantis had on March 16, 2020, as he announced the new steps being taken to help Florida-based businesses.

 

By making short-term interest-free bridge loans available for small businesses in Florida, the governor aims to ease the strain added by the impact of the coronavirus.

 

This emergency program will provide $50 million of aid in the shape of loans that max out at $50,000 for those businesses that qualify (need to be affected by COVID-19 and have no more than 100 employees). The application period lasts until May 8, 2020.

Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.