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Florida Department of Economic Opportunity Is Pushing Out Emergency Bridge Loans to Small Business at 0% Interest For One Year

To assist small businesses to stay open and pay employees during the COVID-19 slowdown, Governor DeSantis has authorized the Florida Department of Economic Opportunity to extend 0% interest emergency bridge loans to small businesses.  The loans are for up to $50,000 and are at 0% interest for 1 year, escalating to 12% after the first year.   The application deadline is May 8, 2020.   Hill Rugh Keller & Main is offering small businesses help free of charge, to help in developing their loan applications.   More information from the State of Florida is available at or you can email the State of Florida at or call via phone toll‐free  to (866)  737‐7232. According  to  the  State  of  Florida’s  website,  eligible  businesses  must: (1) be a for‐profit, privately held small business that maintains a place of business in the state of Florida; (2) be located in a designated disaster area; eligible Florida counties per Executive Order 20‐52 are all counties statewide; (3) be established prior to March 9, 2020, the date of the designated disaster; (4) be able to demonstrate economic injury as a result of the designated disaster, and the need for the loan and use of proceeds must be directly  related  to  the  economic  injury  caused  by  the  designated  disaster;  and  (5)  be  eligible for assistance based on the types of activities the business conducts according to State of Florida guidelines. Here is a link to the application form: (This link is updated from our previous post).  If you have questions, please direct them to Andy Showen at HRKM at 407-808-8357 or

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