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FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN PROGRAM Asked Questions Q What is the purpose of the Florida Emergency Bridge Loan? A The Florida Small Business Emergency Bridge Loan (EBL) is intended to “bridge the gap” between when a declared disaster occurs and when additional funding sources, such as U S Small Business Administration (SBA) or comme ci
Florida Small Business Emergency Bridge Loan Program Florida Small Business Emergency Bridge Loans require repayment by the approved applicant Owners may utilize funding from longer term financial resources, such as U S Small Business Administration economic injury disaster loans, to repay the Emergency Bridge Loan Loans are available up to $50,000 per business per eligible applicant
Emergency Bridge Loan - Florida SBDC Florida Small Business Emergency Bridge Loans require repayment by the approved applicant Owners may utilize funding from longer term financial resources, such as U S Small Business Administration economic injury disaster loans, to repay the Emergency Bridge Loan
Small Business Disaster Recovery Loans and Additional Resources Florida Small Business Emergency Bridge Loans require repayment by the approved applicant Owners may utilize funding from longer-term financial resources, such as U S Small Business Administration economic injury disaster loans, to repay the Emergency Bridge Loan
Small Business Administration Express Bridge Loan - SBA. com You may be required to repay the EBL loan in part or in full if you are approved for long-term disaster financing (for example, an EIDL loan) Lenders are not required to take collateral for EBL loans, however they have the option to do so You should check with your lender to see if they will require any collateral
Florida Small Business Emergency Bridge Loan Program Payments: Payments are not required during the established loan term, but loans must be paid in full by end of the loan term, otherwise penalties apply Payment Process: Loan payments will be made directly by borrowers to Florida First Capital Finance Corporation, the State of Florida appointed program administrator
Loans: Emergency Bridge Loans - The Osceola Chamber What does this loan entail? Up to $25,000 can be accessed with less paperwork Businesses will usually receive the funds within 45 days and in no more than 90 days The loan can be paid in full or in part by the EIDL loan The maximum loan term is 7 years How do I apply? Apply through an SBA lender with whom you have a previous relationship
Florida Small Business Emergency Bridge Loan Program Florida Small Business Emergency Bridge Loans require repayment by the approved applicant Owners may utilize funding from longer term financial resources, such as U S Small Business Administration economic injury disaster loans, to repay the Emergency Bridge Loan
Florida Small Business Emergency Bridge Loan Program FAQs - News If a business receives an SBA Economic Injury Disaster Loan, proceeds from it will repay the Florida Bridge Loan program The loan must be paid in full before the maturity date However, there is no requirement to make payments during the year Loans will be interest-free for the loan term (1 year)