EMERGENCY DISASTER BRIDGE LOAN PROGRAM
The Florida Catastrophic Emergency Bridge Loan Program has been activated by Governor DeSantis to assist agricultural producers of field crops that were devastated by Hurricane Michael, in October 2018.
The program, which is a subset of the Florida Small Business Emergency Bridge Loan Program, allows agricultural producers of field crops to secure short-term, interest-free funding for the upcoming grow cycle.
The purpose is to help bridge the gap between the time damage occurred to when a producer secures other longer term financial resources, such as payment of crop insurance claims, federal disaster recovery appropriations or a loan.
Producers may receive up to $200,000 per eligible applicant. This loan is interest free for two years. Applicants may apply from the designated disaster areas.
Designated Disaster Areas: Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Jefferson, Leon, Liberty, Okaloosa, Wakulla, Walton and Washington counties.