Florida Authorizes Emergency Business Loans for Hurricane Matthew

Hurricane Matthew may not have wreaked as much havoc to the State of Florida as predicted, but Ace Biz Funding has seen the affect that the storm had on Florida business owners. Many small businesses closed in preparation for what was going to be the storm of the century, and the downtime hurt profits. Governor Rick Scott authorized the distribution of emergency business loans up to $25,000 for businesses that experienced property damage and/or lost profits during the downtime from the storm.

The Emergency Bridge Loan program was put into effect on Monday, October 10, and the state will be accepting applications until November 11. Businesses must demonstrate loss and have between two and 100 employees. It is not unheard of for states to create programs that offer emergency business loans after natural disasters, as a means to stabilize local economies. The Small Business Administration has outlined what constitutes the need for these emergency business loans and offers guidelines to obtain one in such situations. The disaster assistance guide can be of great help to business owners who need to know where they stand.

As a provider of online business loans, Ace Biz Funding knows how even one day without operations can cause real damage to a small business’ finances. These emergency business loans will go towards making businesses whole again.

Business owners should consider contacting online business lenders like Ace Biz Funding as an additional means to weather the storm of difficult financial times.