- The state's tourism initiative is promoting small businesses and local economies through enhanced marketing commitments to rural counties.
- Florida is targeting small businesses located in eligible counties.
Florida Provides Emergency Bridge Loans to Small Businesses in Affected Counties
What happened
The state of Florida activated the Florida Small Business Emergency Bridge Loan Program, providing $10 million in short-term, zero-interest loans to businesses in 28 designated counties, including Calhoun and Santa Rosa County. Officials also met with business owners and managers in the town of Century to provide information regarding the emergency loans. Eligible small businesses can apply for up to $100,000, or up to $150,000 for agriculture and aquaculture businesses.
From northescambia.com
Why it matters
The program aims to help small businesses bridge financial gaps until they receive long-term recovery funding or insurance payouts following Hurricane Isaias. This initiative is part of a larger effort by Florida to support small businesses and local economies in rural counties through enhanced marketing and aid.
Florida is targeting small businesses located in eligible counties, and the state's tourism initiative is promoting local economies through enhanced marketing commitments to rural counties.
From northescambia.com
Who's involved
- CalhounOne of the designated counties receiving emergency bridge loans.
- Florida Department of Business and Professional RegulationThe state agency that activated the emergency loan program.
- CenturyThe town where state officials met with local business owners.
- Santa Rosa CountyOne of the counties receiving zero-interest emergency bridge loans.
- FloridaThe state providing the emergency loan program.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CalhounSpeculative
Small businesses in Calhoun county might receive short-term, zero-interest loans to improve their operating capital.
- CenturySpeculative
Local small businesses in Century could receive emergency loans to sustain their revenue until long-term recovery funding is secured.
- Santa Rosa CountySpeculative
Small businesses in Santa Rosa County may benefit from the availability of zero-interest bridge loans.
Keep exploring
The entities involved
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Calhoun
city in Gordon County, Georgia, United States
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Florida Department of Business and Professional Regulation
state agency of Florida
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