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Florida Small Business Emergency Bridge Loan Attorneys
Florida has begun approving small businesses throughout Florida for Emergency Bridge Loan assistance due to the Coronavirus (COVID-19), to help small businesses who have been economically impacted by the the Coronavirus (COVID-19). These loans are designed to help business bridge the gap between the time they were affected by the coronavirus pandemic and resulting economic disruption and when they obtain alternative sources of funding whether that be business interruption insurance payouts, Small Business Administration financing, or even simply an increase in sales/profits back to their expected levels. The loans are for a term of one year and are interest free. If the loan is not paid back in full after a year the borrower is considered in default and the loan accrues at a 12% interest rate. The deadline to apply for these bridge loans is May 8 2020 so its important that small business owners act quickly to take advantage of this program. Contact the Small Business Loan Assistance Attorneys at Light & Gonzalez, PLLC to request a free consultation.
Business Interruption Can Have Long Term Effects
Even a temporary disruption in business cash flow can lead to long term effects. Workers are being laid off; retail locations are closed to the public or can only operate online due to state or local emergency orders to close. These measures, even if temporary, can have far reaching impacts. Small Businesses spend thousands of dollars hiring and training new employees. Although sales may have to stop, monthly overhead does not and businesses may still have to pay their monthly rent and other regular obligations. The state and federal government recognize that this can have far reaching effects and have put programs in place to help businesses weather the pandemic. Contact the attorneys at Light & Gonzalez, PLLC today to speak to an attorney to find out more about the programs that can provide your business with the assistance it needs.
Loan Programs Due to the Economic Impact of Coronavirus (COVID-19)
There are resources and loan programs available to small businesses that have been harmed due to the Coronavirus (COVID-19). The Florida Department of Economic Opportunity and the Federal Small Business Administration are both administering loan programs to help small businesses recover from the economic impact of Coronavirus (COVID-19). Light & Gonzalez, PLLC will help you apply for these programs and help get you the support you need to start your recovery.
The application for the Florida Small Business Emergency Bridge Loan COIVD-19 can be found here.
The application for the Small Business Adminstration can be found here.
The Florida Small Business Development Center is also available to help small businesses apply for these loans and provides training/workshops with information and tips on how to get through these difficult economic times.
While it is not necessary for you to have an attorney to guide you through the loan application process, the attorneys at Light & Gonzalez, PLLC are here to help you so you can focus on getting your business back up and running. Contact one of our attorneys today at 754-900-6545 or via email at firstname.lastname@example.org.
PDF Loan Applications
|Florida Small Business Emergency Bridge Loan||SBA Disaster Loan Program|
|Coronavirus (COVID-19) Florida Emergency Bridge Loan Application||Three_Step_Process Spanish|
|Economic Injury Disaster Loan Supporting Information (P-019)|
|Visit Here for all SBA pdf Disaster Loan Forms|
Contact a South Florida Lawyer to Discuss Applying for a Disaster Loan
If your business needs help applying for financial assistance due to economic hardship caused by the Coronavirus (COVID-19) contact an attorney today. We offer free initial consultations, and even if you decide not to retain our firm, we will still try to guide you in the right direction to help your struggling business. Contact Light & Gonzalez, PLLC today to speak with an attorney to discuss your legal options.
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