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Florida’s Small Business Emergency Bridge Loan Program capped out

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ORLANDO, Fla. – Out of 38,000 small business owners who applied for Florida’s Small Business Emergency Bridge Loan Program, only 1,000 were approved.

Meaning the the program was closed on Tuesday, leaving 37,000 businesses without the much-needed help. “The businesses that applied and were unable to be funded through the Florida Small Business Emergency Bridge Loan program have options,” said Michael W.

Myhre, CEO of the Florida SBDC Network in a news release Tuesday. “We share in Governor DeSantis’ and our partners at the Florida Department of Economic Opportunity commitment to help our state’s small businesses survive and recover from COVID-19.

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The economy is recovering, says President during meeting with professionals
COLOMBO (News 1st); President Gotabaya Rajapaksa said that the nature or extent of the challenges will not matter in fulfilling the promises made to the people.He noted that development activities continue in the country while taking necessary steps to control the COVID-19 pandemic.The President also pointed out that the economy, which had been collapsed for nearly two years, is gradually recovering.The President made these remarks participating in the first round of discussions in a series of sessions with professionals representing various fields, held at the President’s House on Friday (11).The professionals who participated in the discussion said that they are further committed to make the national programme a success by giving the necessary strength to achieve the goals desired by the President, said a statement.The professionals vehemently rejected the allegations spread by some sections with the objective of achieving narrow political agendas, the statement added.Experts in the field said that the new approach to agriculture initiated by the President is being continuously supported by the researchers and entrepreneurs who are engaged full time in these fields, further noted the statement.Representatives from a wide range of fields, including education, policy, sociology, agriculture, research, water and renewable energy, medical, engineering and innovation, were present at the discussion with the President.Ministers, State Ministers, Members of Parliament, the Governor of the Central Bank, the Secretary to the President, the Principal Advisor to the President and many others were also present.
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