20230421 Governor Ron DeSantis Prompts the Florida Small Enterprise Emergency Bridge Mortgage Program, Making $5 Million Obtainable for Companies Impacted by Flooding in Southeast Florida - thqaftqlm

20230421 Governor Ron DeSantis Prompts the Florida Small Enterprise Emergency Bridge Mortgage Program, Making $5 Million Obtainable for Companies Impacted by Flooding in Southeast Florida

4/21/2023

Companies in Broward County, together with sole proprietors, are eligible to use

At present, Governor Ron DeSantis activated the Florida Small Enterprise Emergency Bridge Mortgage Program, making $5 million accessible for companies impacted by flooding in Southeast Florida. Companies in Broward County, together with sole proprietors, are eligible to use. Florida’s small enterprise homeowners in want of help are inspired to go to www.FloridaJobs.org/EBL to use for the Florida Small Enterprise Emergency Bridge Mortgage Program.

This system, administered by the Florida Division of Financial Alternative (DEO), gives short-term, zero-interest loans to small companies that skilled financial damage or bodily harm as a result of flooding in Southeast Florida. candidates can apply now by way of June 19, 2023, or till all accessible funds are expended.

Eligible small companies might apply for loans of as much as $50,000 by way of this system. Loans permitted by way of the Emergency Bridge Mortgage Program are supposed to “bridge the hole” between the time a catastrophe impacts a enterprise and when a enterprise has secured long run restoration funding, equivalent to federally or commercially accessible loans, insurance coverage claims, or different sources.

Loans made beneath this program are short-term, zero-interest, private loans utilizing State of Florida funds. They aren’t grants and loans should be repaid by the permitted applicant.

DEO administers the Emergency Bridge Mortgage Program alongside its fiscal administrator, Florida First Capital Finance Company.

Go to www.FloridaJobs.org/EBL to study extra about this system, view the lending tips and required documentation, and full an utility by the June  19, 2023, deadline. Enterprise homeowners who want additional program data might name 833-832-4494 Monday by way of Friday from 8:00 a.m. to five:00 p.m., Jap Time.

 

Up to date: Friday, April 21, 2023

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