for the most up-to-date information on how your Pinellas County business can prepare for
and recover from a disaster.
Emergency Bridge Loan Program Activated to Aid Pinellas County Businesses Impacted by Hurricane Hermine
Florida SBDC at Pinellas County Economic Development Stands Ready to Assist and
Encourages Businesses to Complete Disaster Assessment
PINELLAS COUNTY, FL (September 7, 2016) - - Florida businesses that have been impacted by Hurricane Hermine may now apply for short-term, interest-free loans through the Florida Small Business Emergency Bridge Loan Program. Activated yesterday by Governor Rick Scott, the bridge loan program helps bridge the gap for small businesses between the time impact occurs until other resources are available, including insurance claims or federal assistance. The deadline to apply is October 31, 2016. Governor Scott has allocated $10 million from the General Revenue Fund for the program.
Under the program, eligible small businesses with two to 100 employees can apply for loans for up to $25,000 for 90 or 180-day terms. To be eligible, a business must have been:
- established prior to August 31, 2016,
- be located in the 51 affected counties, and
- demonstrate economic or physical damage as a result of Hurricane Hermine.
Pinellas County is currently approved for the emergency bridge loan program, and businesses impacted by the storm that have incurred losses due to Hurricane Hermine are asked to complete a Business Damage Assessment Survey. The survey will help the State Emergency Response Team determine the needs and level of assistance for impacted businesses. To take the survey, please visit http://flvbeoc.org/index.php?action=bda.
The Florida SBDC Network, the state's principal provider of business assistance, can provide confidential, no-cost consulting to help affected businesses prepare disaster loan applications and with other post-disaster challenges.
In Pinellas County, local businesses may contact the Florida SBDC at Pinellas County Economic Development with questions and for assistance at (727) 453-7200.
Read the entire announcement at: http://archive.constantcontact.com/fs166/1103746915784/archive/1125786620423.html
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