Emergency loan program activated for businesses affected by algal blooms

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TALLAHASSEE, Fla. – Governor Rick Scott activated Florida’s Small Business Emergency Bridge Loan Program on Thursday for businesses affected by the presence of algal blooms in local waterways.

The program provides short-term loans to assist businesses until other financial resources can be secured after a natural disaster.

“While Florida’s residents, waterways and economy have been severely impacted by this environmental emergency, our state has not hesitated to take action to support our coastal communities,” Scott said.

The application period for loans will extend through August 31.

“Small businesses are the backbone of Florida’s economy, and the bridge loan program will help those businesses affected by the algae meet their needs until the area recovers,” said Cissy Proctor, executive director of the Florida Department of Economic Opportunity.

To see if a business is eligible or to complete an application, visit www.floridadisasterloan.org.

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