Florida Offers Loans to Tallahassee Small Businesses
March 26, 2020
Two businesses in Tallahassee are the first to receive Small Business Emergency Bridge Loans offered by the Florida Department of Economic Opportunity. The bridge loan program, activated on March 16th, provides short-term, interest free loans for one year to small businesses that experience economic injury from COVID-19. Loans may be awarded up to $50,000 per business, or possibly $100,000 in special circumstances.
“The Florida Small Business Emergency Loan is designed to get cash into the hands of small businesses so they can keep their doors open during a crisis,” said Governor Ron DeSantis.