Business Resources COVID-19
In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.
State of Florida programs
For businesses established before March 9, 2020
Application period ends May 8, 2020
For assistance in completing the application, contact your local Florida Small Business Development Center (SBDC) office. To locate your local Florida SBDC visit FloridaSBDC.org/locations or contact us toll-free (833) 832-4494.
The Business Loan Fund can provide an eligible business with up to $500,000 in financing for the following purposes:
- Inventory Purchases
- Construction or renovation
- Working capital needs
- Capital start-up loans
- Machinery and equipment purchases
- Equipment financing, and more
For more information on the Rebuild Florida Business Loan Fund please call 833-832-4494 or email FloridaBusinessLoanFund@deo.myflorida.com.
The Short Time Compensation program helps employers retain their workforce in times of temporary slowdown by encouraging work sharing as an alternative to layoff.
The program permits prorated reemployment assistance benefits to employees whose work hours and earnings are reduced as part of a Short Time Compensation plan to avoid total layoff of some employees.