COVID-19 Public Resources

If you haven’t already, please take a moment to complete the State of Florida Business Damage Assessment Survey to assess the impact of COVID-19 on Florida’s local business operations. The survey, managed by the Florida Department of Economic Opportunity (DEO), 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: https://floridadisaster.biz/

COVID-19 Resources for Florida Nonprofits

At Florida Community Loan Fund we recognize this is a tough time for all of us – but particularly for Florida nonprofit organizations and small businesses.As the COVID-19 crisis continues to shape our daily lives, we have created an online list of resources for Florida nonprofits and small businesses that may offer assistance as we navigate this new territory together. This website page will be updated as new information becomes available, so check back often.

Although our team members are working remotely at this time, we remain fully operational. We continue to close loans, service existing loans, and seek new investments.
Please know that we are just an email or phone call away. You can visit our Staff Directory for contact information.
If you know if additional COVID-19 resources we can share please email info@fclf.org.

Florida Small Business Emergency Bridge Loans COVID-19

http://floridajobs.org/rebuildflorida/businessrecovery

Provides financial assistance at 0% interest for up to $100,000
Loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources
Loans will be interest-free for the loan term (1 year). The Interest rate will be 12% per annum on the unpaid balance thereafter
These loans can be processed more quickly than the federal government SBA loan program loans

Paycheck Protection Program

In response to the CARES Act, specifically the Paycheck Protection Program (PPP), working with our banking members, the Alliance has prepared a list of SBA Preferred Bank members, along with the direct links to information on how to apply for the PPP for each bank. Recommendations are to apply with you present banker and SBA Preferred lender to expedite the process.

Click here for the list.

SBA Disaster Loans

https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf

U.S. Chamber of Commerce summary of SBA loans post CARES Act UPDATED 3/30/20
https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf

Business of any size may borrow up to $2 million for physical damage
Small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, or private non-profit organizations may borrow up to $2 million for Economic Injury
Small businesses may apply for a maximum business loan (physical and Economic Injury Disaster Loan - EIDL) of $2 million

Coronavirus Emergency Loans Small Business Guide and checklist

023595_comm_corona_virus_smallbiz_loan_final.pdf
File Size:	75 kb
File Type:	pdf

Download File

Short Time Compensation Program for Employers

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.

To apply for the Short Time Compensation Program, please follow this link to the Employer Login page of CONNECT.
For more information and Eligibility Requirements goto this webpage