Small Business Recovery Information
The SBA South Florida District Office will host a series of Small Business Recovery webinars to provide the latest information on how the SBA is helping small businesses with their economic recovery. This webinar will go through the Economic Injury Disaster Loan application step-by-step; offer tips and insight into completing an application and what you can expect after applying.
Monday, March 30, 1:00 p.m. – 3:00 p.m.
You may join the conference 10 minutes prior.
Dial-in: 1-877-369-5243 or 1-617-668-3633
Access Code: 0714812##
Free to attend. Limited # callers. Additional webinars will be offered throughout the week.
March 23, 2020 - Florida Gov. Ron DeSantis has activated the FL Emergency Bridge Loan program, to provide short-term interest-free loans to Florida small businesses (2-100 employees) that are experiencing a negative economic impact from COVID-19. Business can either apply online and upload required supporting documentation; or download an application, complete it and mail it with the required supporting documentation to: the FL Dept. of Economic Opportunity, C/O Small Business Emergency Bridge Loan, 107 E. Madison Street, MSC-160, Tallahassee FL 32399-4120. The application deadline is May 8, 2020.
Gov. DeSantis also encourages FL businesses to complete the Business Damage Assessment survey to assess the impact of COVID-19 on Florida’s businesses. The survey, managed by the FL Dept. of Economic Opportunity, will evaluate businesses affected by COVID-19 and the impacts the virus has had on the local economy so actions to implement appropriate relief programs can begin. For inquiries or assistance with the survey, businesses can contact Emergency Support Function 18 at ESF18@em.myflorida.com.
The Business Damage Assessment Survey can be taken online at https://floridadisaster.biz/.
Gov. DeSantis directed the FL Dept. of Economic Opportunity (DEO) to waive job search requirements for workers seeking re-employment. This enables DEO to no longer require a claimant to register with the state job search portal to actively seek employment. Click on DEO's website for more info and view their Frequently Asked Questions about Reemployment Assistance COVID-19, or visit CareerSource Rearch Coast.
Gov. DeSantis also directed DEO to waive penalties to employers, as related to unemployment insurance. Currently, an employer is “charged” for every employee that is laid off and this cost is reflected in the employer’s unemployment insurance paid to the state.
The U.S. Treasury Dept., the IRS and the U.S. Dept. of Labor announced that small and midsize employers can start taking advantage of refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This provides funds to U.S. businesses with fewer than 500 employees, so the business can provide their employees with paid leave. The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. Click here for detailed information.
U.S. Small Business Administration (SBA) Disaster Loan Assistance for Businesses and Private Nonprofits
Economic Injury Disaster Loans - Florida businesses and private nonprofits that have suffered a substantial economic injury may be eligible for an SBA Economic Injury Disaster Loan. If you are unable to pay ordinary and necessary operating expenses, the loans provide the necessary working capital to help small businesses survive until normal operations resume after a disaster. The SBA can provide up to $2 million based on your actual economic injury and your company's financial needs. The maximum interest rate is 3.75% per year; the maximum term of these loans is 30 years. You can apply online for an SBA disaster assistance loan. The filing deadline is December 18, 2020. Any questions, email Vince LoPresti, Senior Area Manager of the South Florida District Office in Ft. Pierce: email@example.com
For up to the minute interviews and topics, tune into the Small Business Development Center (SBDC) Small Biz Podcasts. Here's the link to the podcast: Small Biz Florida Podcast.
These podcasts are created in partnership with Indian River State College as a channel dedicated to promoting and highlighting Florida's small business community. This channel also provides quick and efficient information to small businesses regarding disaster assistance. The latest podcast provides current information about COVID-19 issues. The podcast will be updated with the latest information about disaster loan programs. Tom Kindred, Regional Director of Florida SBDC at Indian River State College hosts the podcast and serves as our small business liaison with the state.