FFC Helps Hundreds of Florida Businesses with Bridge Loans

Florida First Capital has so far aided over 675 Florida businesses impacted by the 2004 and 2005 hurricanes. At the request of the Governor's Office, FFC administers the majority of the State’s Small Business Emergency Bridge Loan Program.

FFC manages all back-office aspects of loan funds of $23 million for sustaining or re-starting small business hurricane victims. The interest free loans range from $1,000 to $25,000, and are for terms of 90 or 180 days.

Loans are repaid from insurance proceeds or federal financing obtained in connection with the storms. More information about the Bridge Loan program is available at http://www.myflorida.com/myflorida/hurricane

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