SRBP is monitoring State and Federal Programs to assist business owners facing financial difficulty as a result of COVID-19. On March 16, 2020, the Florida Small Business Emergency Bridge Loan Program was activated by Florida’s Governor Ron DeSantis to provide short-term working capital loans to small businesses. On March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748) providing an historic $2 trillion aid package to U.S. businesses and individuals. The aid package includes $349 billion in relief for small businesses. Three distinct programs are available – Payroll Protection Program, Economic Injury Disaster Loan, and Economic Injury Disaster Grant Program. SRBP has compiled this fact sheet to assist in determining available assistance.
ECONOMIC BUOYS FOR BUSINESSES AFFECTED BY COVID-19 (April 3, 2020)