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FDEO - Resized

FDEO sets aside $50 million for Small Business Loans

The Florida Department of Economic Opportunity has set aside $50 million in small business loans to bridge the gap until SBA loans/commercial loans are finalized. Employers with 2 – 100 employees are eligible to apply for these loans which can be up to $50,000. The loans are interest free and have to repaid within one year. The application dates start today and can be applied for throughout May 8 2020.

 Other criteria to be eligible for the loan include being established as a business before March 9 2020 and being able to demonstrate that COVID-19 has caused economic impact on your business.





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