As Coronavirus Cases Continue to Rise, Florida Has Issued Even More Statewide Limits, Including a Stay-at-Home Order. What Can You Do If Your Business Needs Help Staying Afloat?
In the midst of the coronavirus pandemic, businesses are forced to shut down or work remotely if possible. But that’s not all… Consumers are also forced to stay home – meaning businesses around the world are losing a significant portion of their revenue, laying off employees, and struggling to meet payroll and other expenses. For many organizations, this is a challenging, trying time. If you’re able to, the best course of action is to embrace social distancing and transition to a remote workforce with:
Take a look at our recent post on remote work for more information or contact us now at (407) 329-5125.
For small businesses across the state experiencing economic damage resulting from the coronavirus outbreak, the Florida Small Business Emergency Bridge Loan Program is a short-term, interest-free working capital loan that is designed to assist with emergency capital during this difficult time. For eligibility, you must:
Those who are eligible can apply for interest-free loans of up to $50,000 for one-year terms. The state has allocated up to $50 million for the program. Ken Lawson, Executive Director of the Florida Department of Economic Opportunity, expressed…
“We have received an overwhelming response from businesses that have applied for assistance through the Emergency Bridge Loan program. We are hopeful that businesses find this resource helpful in reducing the economic impacts from the state’s mitigation efforts in preventing the spread of COVID-19.”
There are two ways to apply:
You must complete your application before the deadline on May 8, 2020, to receive assistance.
Florida SBDC business consultants are available to assist small businesses with COVID-19 related challenges, including applying for the loan, at no-cost. They can be reached toll-free at 833-832-4494 or via email at: lFloridaBusinessLoanFund@deo.myflorida.com.
Do You Have Questions or Need Assistance with Remote Work? Contact SemTech IT Solutions at (407) 329-5125.