- May 6, 2019
Get Business Advice You Can Bank On.
Paycheck Protection Program Loan Guarantee and Forgiveness
Passed by Congress, and signed by the President, the Coronavirus Aid, Relief, and Economic Security (CARES) Act established the Paycheck Protection Program intended to provide eligible small businesses with eight weeks of cash-flow assistance through 100 percent federally guaranteed loan from the U.S. Small Business Administration. To apply for forgiveness, small businesses must submit documentation regarding the eligible uses of loan funds (payroll costs, mortgage interest, utilities, etc.), a certification that such documents are true and correct, as well the amount to be forgiven, and any other documentation deemed necessary by the U.S. Small Business Administration. The amount any small business is eligible to borrow and be forgiven is 250 percent of their average monthly payroll expenses, up to a total of $10 million.
Contact us for information about eligibility, loan program details, and how to apply. Application Filing Deadline: June 30, 2020
U.S. SBA Economic Injury Disaster Loan (EIDL)
The President has activated a presidential disaster declaration in response to COVID-19. Impacted businesses, small agricultural cooperatives, and private nonprofit organizations may apply for low-interest loans through the U.S. Small Business Administration's Economic Injury Disaster Loan (EIDL) Program. If your business has suffered substantial economic injury, you may qualify for an EIDL.
EIDLs provide working capital to help businesses survive until normal operations resume after a disaster. The SBA can provide up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred.
Contact us for information about eligibility, loan program details, and how to apply. Application Filing Deadline: December 18, 2020
Florida Small Business Emergency Bridge Loan (EBL)
The Florida Small Business Emergency Bridge Loan Program provides short-term, interest-free and fee-free loans to eligible businesses impacted by COVID-19. Administered by the Florida Department of Economic Opportunity (DEO) in partnership with the Florida SBDC Network and Florida First Capital Finance Corporation (FFCFC), an Emergency Bridge Loan program helps small businesses bridge the gap between the time of disaster and when a small business can secure long-term and permanent financial assistance, such as a U.S. Small Business Administration Economic Injury Disaster Loan or proceeds from the Paycheck Protection Program.
Contact us for information about eligibility, loan program details, and how to apply. Application Filing Deadline: May 8, 2020
Florida SBDC at FIU's business finance experts assist small business owners with all aspects of business finance. Our highly experienced consultants can assist with access to capital - whether in the form of business loans or equity investments; calculating financial projections; determining the amount of capital required to fuel growth; financial management, business valuations and more.Learn more
With the Florida SBDC at FIU, small-business owners can have access to research and databases that normally only big businesses can afford. Our team of experts helps Miami-Dade business owners design growth strategies, analyze domestic and international markets, obtain government contracts, develop competitive analysis, as well as provide other services that allow businesses to identify and capitalize on their competitive advantages.Learn more
Operations / Management
From consulting on human resources issues to ensuring that business owners are using the most productive processes and procedures, the business experts at the Florida SBDC at FIU advise business owners to help them streamline operations and assist in decisions that impact the overall management and operation of the business.Learn more
- January 23, 2019
- October 29, 2018