On Wed., the Small Business Administration announced that Fla.’s small companies can apply for loans up to $2M to offset temporary revenue losses resulting from the pandemic. Loan amounts are based on each applicant’s financial condition with repayment terms up to 30 years.
The U.S. Small Business Administration announced that small businesses in Florida adversely impacted by COVID-19 can now apply for disaster loans.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the coronavirus.
All 67 Florida counties are included in the disaster declaration for coronavirus.