The Florida Department of Economic Opportunity recently announced more than 1,000 small businesses have been awarded more than $49 million from the Florida Small Business Emergency Bridge Loan.
The bridge loan program, managed by the DEO, provides short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. Additionally, the DEO announced the availability of business resources to help businesses recovering from the economic impacts resulting from COVID-19, according to a news release posted by the South Lake Chamber of Commerce.
“We are proud to stand with Florida businesses by providing them with additional resources during these challenging times,” Ken Lawson, executive director of the DEO, says in the release. “We appreciate the help of our Florida Small Business Emergency Bridge Loan partners, Florida Small Business Development Center and Florida First Capital Finance Corporation, for working diligently to process applications and provide loans as quickly as possible.”