The Florida Department of Economic Opportunities (DEO) announced on Thursday that it will activate Florida Emergency Bridging Loan Program to support Miami-Dade County small businesses directly affected by the Surfside condo collapse.
The application period opens on July 9, 2021 and will be available until August 9, 2021.
“My administration remains committed to providing resources to the Surfside community as it recovers from this tragedy,” said Governor Ron DeSantis. “By activating the Florida Emergency Bridge Loan, we can help businesses keep their doors open as they strive to rebuild their long-term operations. “
WD administers the Emergency Bridge Loan Program in partnership with the Florida Small Business Development Center Network (SBDC) and Florida First Capital Finance Corporation provide short-term, zero-interest loans to businesses economically affected by the collapse. An initial allocation of $ 5 million is available for business loans up to $ 50,000 to help bridge the gap between when the economic impact occurs and when a business gets further. financial resources, such as US Small Business Administration business physical disaster loans or economic disaster. Loans (EIDL). WD’s Business Damage Assessment survey results indicate that nearly three-quarters of 40 responsive businesses could benefit from the emergency bridging loan program.
“From day one, Surfside businesses have put their needs aside to help first responders from across the country,” said DEO Sec. Danish eagle. “Under the governor’s direction, the WD team has been on the ground in Surfside to contact local businesses to assess their potential needs and ensure they have the support they need. While the economic impact of the condominium collapse is unknown, this bridge loan is a first step in helping these community businesses get back on their feet.
“We are deeply saddened by the Surfside tragedy, and our hearts are with the victims, their families and the community during this difficult time,” said Greg Britton, CEO of Florida SBDC Network. “Our network continues to work closely with the state and the SBA to coordinate efforts and is here to support affected business owners as they access valuable resources like the Small Emergency Bridge Loan. companies. “
Businesses affected by the Surfside condo collapse can apply online. WD also has a mobile unit and team available in the Surfside business district located on 95th Street between Harding and Collins Avenue.