Florida residents below is a list of resources for those seeking assistance during the COVID-19 pandemic. While the Small Business Administration (SBA) is offering disaster relief funds for small businesses and the CARES stimulus bill include provisions for individuals and business owners; there are still some industries that may fall out the scope. Gig, freelance and 1099 employees are often hit the hardest during these times. Here are some resources that can be of assistance for individuals and business owners across.
State and Federal Resources
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business asset. Click here.
The Florida Small Business Emergency Bridge Loan Program has been activated by the Governor to provide short-term, interest-free loans to businesses impacted by COVID-19. Administered by the Florida Department of Economic Opportunity (DEO) in partnership with the Florida SBDC Network and Florida First Capital Finance Corporation (FFCFC), the bridge loan program is a short-term, interest-free loan program designed to help businesses bridge the gap between the time damage is incurred and when a business secures other financial resources, including payment of insurance claims or longer-term U.S. Small Business Administration loans. Click here.
The Short Time Compensation program helps employers retain their workforce in times of temporary slowdown by encouraging work sharing as an alternative to layoff. Click here.
If your employment has been negatively impacted as a result of the mitigation efforts in Florida to stop the spread of COVID-19, you may be eligible to receive Reemployment Assistance. Click here.
The Florida Small Business Emergency Bridge Loan Program is currently available to small business owners located in all Florida counties statewide that experienced economic damage as a result of COVID-19. These loansare available for businesses with 1099 employees. Click here.
While certain state and federal funding programs – like the Paycheck Protection Program (PPP) – are presently exhausted, we encourage everyone to continue compiling application materials so that you can be prepared for when additional funds are deployed.
- Register here and review PPP funding requirements and connect with an approved lender
- Explore alternative funding options via foundations and other industry-specific or local organizations
- Connect directly with a network of qualified advisors at local organizations that are ready to help guide you through this process
- Find the technical assistance you need to address your business needs in today’s climate
The MBDA Business Center located in Miami, Florida is operated by the Florida State Minority Supplier Development Council.
The center is part of a national network of funded centers located in major cities throughout the United States. The center works with minority business enterprises to generate increased financing and contract opportunities and to create and retain jobs.
Whether you’re a 1-year old start-up, or an established business with plans to grow, the immediate access to capital has been a significant challenge for the small business community, until now. Miami-Dade Chamber of Commerce micro-loan offers low interest loans between $5,000 to $25,000. Click here.
Homeowners and Renters
SBA is collecting the requested information in order to make a loan under SBA’s Economic Injury Disaster Loan Program to the qualified entities listed in this application that are impacted by the Coronavirus (COVID-19). The information will be used in determining whether the applicant is eligible for an economic injury loan. Click here.
FEMA Disaster Assistance can help support your recovery from a major disaster. If you’re ready to apply now for disaster assistance or would like more information on the types of assistance available please visit disasterassistance.gov. There is a limited timeframe to apply for assistance, so do not wait to apply. Not sure if you are in an area declared for disaster assistance? Visit disasterassistance.gov and enter your address to find out if your area is declared for Individual Assistance.
United Way launches fund for families, small businesses hurting from coronavirus. The fund will support struggling families with emergency needs including food supplies, utilities, rent/mortgage assistance and issue micro-grants to small businesses. Click here.
We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time. Click here.