Florida Financial Resources for Contractors and Businesses
Florida also has its own Small Business Administration Emergency Bridge Loan program. Like the Federal Bridge Loan Program, it is designed to provide quick, short term relief, while you are waiting on other financial resources to be approved. It is, however, separate from the Federal program, so it is worth looking at and applying to as well.
To be an eligible business applicant, all of the following must be true:
- The business must have been established and actively operating a business physically located in Florida prior to the date of the designated disaster (March 9, 2020).
- For purposes of this eligibility requirement, actively operating an established means carrying out the performance of activities for the production of income from selling goods or performing services.
- Business must be a for-profit, privately held small business that has or had a minimum of two (2), but no more than one hundred (100), employees within the previous year of the date of the declared disaster (March 9, 2020).
- For purposes of this eligibility requirement, a minimum of two employees means the aggregate number of W-2 employees, “1099 employees” (i.e. independent contractors), and leased employees.
- The business must have repaid, in full, any previous Florida Small Business Emergency Bridge Loan.
- The business applicant must demonstrate that the business has suffered a significant economic injury and unable to pay current ordinary and necessary operating expenses as a result of COVID-19.
You will also need to provide the following documents as part of the application:
- Business Tax Statements (Previous Two Years; if unavailable, provide an explanation)
- Employer Tax Statements (e.g. IRS Forms 941, W-3, W-2s, 1099-MICSs)
- Personal Income Tax Returns for Each Applicant (Previous Two Years)
- Other Support Documents – if necessary (e.g. Interim Financial Statements, Letters of Explanation [e.g. Low Credit], etc.)
- Scan / Save each as PDF documents (for uploading in the online application)
You can click on this link for more information http://floridasbdc.org/disaster/ebl/