Author: root

Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. The loans are meant to serve as short-term funding that can be repaid once businesses can access alternative funding. Loans are interest-free for one year; after that, the interest rate rises to 12%.

Who’s eligible: For-profit small businesses with two to 50 employees. Any previous bridge loans a business has taken out must be paid off.

How to apply: Submit an application by May 8, 2020, along with supporting documents including business tax returns, individual tax returns and employer tax documentation.

Connecticut is offering a $50 million recovery bridge loan program providing zero-interest loans of up to $75,000 or three months of operating expenses, whichever is less. 

Who’s eligible: Businesses and nonprofits with fewer than 100 employees that have been negatively impacted by the global spread of the COVID-19 pandemic.

How to apply: As of March 27, 2020, the initial round of funding for the program has been closed. It’s unclear when the next round will open; check Connecticut’s COVID-19 business resources page for more updates.

The Denver Small Business Emergency Relief program offers cash grants of up to $7,500 to businesses in industries particularly hard-hit by the coronavirus.

Who’s eligible: Small businesses that have lost the ability to operate, including restaurants, retail shops, barbershops and nail salons. 

How to apply: Details are sparse, but fill out an interest form to get more information from the city.