Florida Emergency Bridge Loan Program for Small Businesses in Pinellas
impacted by Red Tide
PINELLAS COUNTY, FLA (August 15, 2018) - Governor Rick Scott has declared a state of emergency for seven Gulf Coast counties, including Pinellas and Hillsborough.
In conjunction with the announcement, the Florida Department of Economic Opportunity (DEO) has activated the Florida Small Business Emergency Bridge Loan Program to support small businesses who continue to be affected by the impacts and the perception of red tide. The bridge loan program provides short-term, interest-free loans to small businesses experiencing physical or economic loss.
Small businesses in Pinellas County may apply for assistance through October 12, 2018.
Small business owners with two to 100 employees located in Pinellas County can apply for short-term loans up to $50,000. These loans are granted interest-free for 180 days, and after that period accrue at 18% per annum during the term of the loan. To be eligible, a business must demonstrate economic injury or physical damage as a result of the red tide or the perception of red tide.
For questions and assistance with the Florida Emergency Bridge Loan program, please contact the
Florida Small Business Development Center at Pinellas County Economic Development at (727) 453-7200.
The Florida Small Business Development Center at Pinellas County Economic Development Helping Businesses Grow & Succeed
Personalized Business Consulting is available by appointment through the Florida SBDC at Pinellas County Economic Development. Providing businesses the expertise and resources to succeed!
The FSBDC at Pinellas County Economic Development is an Equal Opportunity/Equal Access/Affirmative Action Institution. For disability accommodations please contact St. Petersburg College Security at (727) 791-2560 a minimum of five days in advance.
The FSBDC at Pinellas County Economic Development is a member of the Florida SBDC Network, a statewide service network funded in part through cooperative agreements with the U.S. Small Business Administration (SBA), Defense Logistics Agency, State of Florida and other private and public partners; hosted by the University of West Florida; and nationally accredited by the Association of SBDCs.
State Designated as Florida’s Principal Provider of Business Assistance [§ 288.001, Fla. Stat.]
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