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.