DeLAND, Fla. – On Thursday, the Federal Small Business Administration stopped accepting applications for the Emergency Bridge Loan Program because funds ran out.
News 6 went through state documents and found that out of 38,000 applications, 944 businesses were approved for the bridge funding as of Wednesday.
More than 200 of those that were approved were Central Florida businesses. A month ago, business was booming at Doug and Lil’s Potato Patch restaurant in DeLand.
After new regulations were put in place on restaurants because of the coronavirus, they tried to transition to curbside pick-up. [READ: Here’s how much money Central Florida small businesses have already lost amid coronavirus pandemic | Central Florida small business owners