RECOVER
REPORT DAMAGE
BUSINESS DAMAGE ASSESSMENT SURVEY: Inactive
Complete the Governor-activated online damage assessment, which takes just a few minutes. Your information will be shared with emergency response agencies to expedite implementation of appropriate disaster relief programs.
The Business Damage Assessment Survey can be taken online at http://floridadisaster.biz/.
GET HELP
Depending on the severity of a disaster, a number of resources may be activated to help businesses. These resources include:
SBA ECONOMIC INJURY DISASTER LOAN - Inactive
LEARN MORE AND APPLY HERE
NEED HELP? For inquiries, please contact the Small Business Administration toll-free at 800-659-2955 or by email at DisasterCustomerService@sba.gov
VIEW FAQS here.
SUBSCRIBE TO THE SBA'S E-NEWSLETTER to receive up-to-date information on the dates, times and call in information for various webinar sessions on their programs.
SBA DEBT RELIEF - ACTIVE
This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out loans within six months of the President signing the bill into law.
Check with your lender to make sure this is being honored on your existing debt.
NEED HELP? For inquiries, please contact the Small Business Administration toll-free at 800-659-2955 or by email at DisasterCustomerService@sba.gov
VIEW FAQS here.
PAYCHECK PROTECTION PROGRAM - Inactive
The U.S. Small Business Administration, in consultation with the Treasury Department, announced on January 8 2021, that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers.
DEADLINE: March 31, 2021
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses, with fewer than 500 employees, to keep their workers on the payroll. The Small Business Administration (SBA) program provides eight weeks of cash-flow assistance through 100 percent federally guaranteed loans. The SBA will partially forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest or utilities.
To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.
This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. LEARN MORE HERE.
SBA is currently offering:
PPP First Draw Loans for first time program participants.
PPP Second Draw Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan.
CLICK HERE for information about eligibility, loan program details, and how to apply from the Florida Small Business Development Center.
The Florida Small Business Development Center Network recommends contacting your primary business bank first. If your banker does not participate in the program, they can refer you to a local participating bank. You may also find SBA-approved lenders in the area through the SBA's online Lender Match Tool.
On Wednesday, June 17, 2020 the SBA and Treasury announced new EZ and revised Full Forgiveness Applications for the Paycheck Protection Program. Read the full News Release here.
CLICK HERE to view the EZ Forgiveness Application.
CLICK HERE to view hte Full Forgiveness Application.
NEED HELP? For inquiries, please contact the Small Business Administration toll-free at 800-659-2955 or by email at DisasterCustomerService@sba.gov
SHORT-TIME COMPENSATION PROGRAM - ACTIVE
The Short-Time Compensation Program is a voluntary employer program available to provide prorated Reemployment Assistance benefits to employees. These individuals may have had work hours and earnings reduced due to the implementation of a Short-Time Compensation plan to avoid a total layoff of some employees amid COVID-19.
BEFORE YOU APPLY: Review the eligibility requirements.
APPLY HERE
NEED HELP? For inquiries, plese contact the Florida Department of Economic Opportunity toll-free at 800-204-2418.
SMALL BUSINESS LOAN PROGRAM - ACTIVE
The Small Business Loan Program is available to qualified businesses that demonstrate adequate historical and/or proposed cash flow coverage and other credit underwriting metrics. The loan proceeds must be used for a business purpose. A business purpose includes, but is not limited to: startup costs, working capital, business procurement, franchise fees, inventory, as well as the purchase, construction renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. Loan Participation is up to 50 percent of the total loan amount. With the 504 Bridge Loan Participation, lenders are permitted to finance equipment and owner-occupied real estate purchases up to 90 percent of the total project cost. Loan amounts range from $250,000 to $5 million.
LEARN MORE ABOUT THE LOAN PARTICIPATION PROGRAM
LEARN MORE ABOUT THE 504 BRIDGE LOAN PROGRAM
NEED HELP? For inquiries, plese contact Enterprise Florida at 407-956-5600 or visit First Capital Finance Corporation online.
MICROFINANCE GUARANTEE PROGRAM - ACTIVE
The Microfinance Guarantee Program is available to stimulate access to credit for entrepreneurs and small businesses in Florida by providing targeted guarantees to loans made to such entrepreneurs and small businesses. Funds appropriated to the program must be reinvested and maintained as a long-term and stable source of funding for the program.
LEARN MORE
Effective immediately and during these unprecedented circumstances related to COVID-19, Enterprise Florida is suspending initial fees (normally 2%) to assist small businesses with access to credit.
NEED HELP? For inquiries, plese contact Enterprise Florida at 407-956-5600
BLACK BUSINESS LOAN PROGRAM - ACTIVE
The Black Business Loan Program (BBLP) offers alternative lending solutions to Florida-based black owned small businesses by providing short-term loans and technical assistance.
Visit FAMU Federal Credit Union or the Miami Bayside Foundation for loan program information.
APPLY THROUGH FAMU FCU
APPLY THORUGH THE MIAMI BAYSIDE FOUNDATION
REBUILD FLORIDA BUSINESS LOAN FUND - ACTIVE
The Florida Business Loan Fund provides financing to assist businesses with resiliency efforts. The funds will address the current gap in available, affordable capital for businesses that can be used for inventory purchases, construction, working capital, equipment financing and more.
APPLY HERE
NEED HELP? For inquiries, plese contact THE Florida Department of Economic Opportunity toll-free at 833-832-4494 or by email at FloridaBusinessLoanFund@deo.myflorida.com​.
FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN - ACTIVE
The Florida Small Business Emergency Bridge Loan Program was activated by the Governor to provide short-term, interest-free loans to businesses impacted by Hurricane Ian. Administered by the Florida Department of Economic Opportunity (DEO) in partnership with the Florida SBDC Network and Florida First Capital Finance Corporation (FFCFC).
Inquiries should be directed to the Department of Economic Opportunity (DEO) at 1-833-832-4494.or by email at FloridaBusinessLoanFund@deo.myflorida.com
SAVE SMALL BUSINESS FUND - INACTIVE / CLOSED
The Save Small Business Fund is an initiative of the U.S. Chamber of Commerce Foundation and is a grantmaking initative offering short-term relief for small employers in the US and its territories. Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as they can.
CLICK HERE to check your zip code to see if you're in an eligible community.
CLICK HERE for additional information on this grant, qualifications, and grant sponsors.
APPLICATIONS ARE BEING ACCEPTED STARTING AT 3:00 PM EST ON APRIL 20, 2020.