State of Florida Bridge Loan Program Open

STATEWIDE — The Florida Small Business Emergency Bridge Loan Program is currently available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19.

Designated Disaster Areas: All Florida counties statewide per Executive Order 20-52.

Qualified Applicant: Applications will be accepted by qualified for-profit, privately held small businesses that maintain a place of business in the state of Florida. All qualified applicants must have been established prior to March 9, 2020, and suffered economic injury as a result of the designated disaster. Qualified small business applicants must be an employer business with 2 to 100 employees.

Amount: Up to $50,000 per eligible small business.  Loans of up to $100,000 may be made in special cases as warranted by the need of the eligible small business.

Term: 1 year.

Limitation: Only one loan may be made per eligible business. All previous bridge loans received MUST be paid in full.

Interest Rate: Loans will be interest-free for the loan term (1 year). The Interest rate will be 12 percent per annum on the unpaid balance thereafter until the loan balance is repaid in full.  Loan default is subject to a normal commercial collection process.

Application Period: Applications will be accepted through May 8, 2020, contingent on the availability of funds.

To Get Started:

  1. Review at
  2. Register with the Small Business Development Center.
  3. Complete the online application form and submit your support documentation within the application platform. Be sure to review the required support documentation prior to submitting your application.

Once your application and supporting documentation have been submitted online, the State of Florida DEO will assign your file to the appropriate Florida SBDC Network office for review. NOTE: Your credit must be unlocked as a credit report is required of each application that goes to the loan committee.

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