FloridaMakes is here for you….. Hurricane Irma had devastating effects on many regions in the state of Florida. While the full effect of the high winds and surging water will not be fully known for days, we know many businesses are still without power, critical supplies, and may have suffered loss or damage. FloridaMakes is gathering important information on relief funds, grants and other assistance available to manufactures across the state. The information on this page will be updated daily as more information and resources become available. If you require further assistance please contact us through your Regional Manufacturers Association listed below.
If your business has suffered a loss and your county has been declared eligible for assistance by FEMA, you must first register your business on the FEMA website. There are three ways to register:
Currently there are 9 SBA Business Recovery Centers and 16 FEMA/SBA Disaster Recovery Centers.
For a current list of SBA Business Recovery Centers and FEMA/SBA Disaster Recovery Centers, visit the SBA’s Disaster Loan Assistance website and click on the Locations to Receive Assistance link.
1. Small Business Emergency Bridge Loan Program - As stated in a Florida Department of Economic Opportunity (DEO) press release (9/13/2017), Governor Rick Scott has activated the Florida Small Business Emergency Bridge Loan Program. The bridge loan program is managed by the DEO in partnership with the Florida SBDC Network to provide cash flow to businesses damaged by a disaster. The program consists of short-term, interest-free working capital loans intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or federal disaster assistance.
The business must be located in disaster-impacted area. The business must have a minimum of Two (2) to One-Hundred (100) employees. The loan must be made to individuals who are at least 51% owners of the business. To apply: www.floridadisasterloan.org. The application must be completed by October 31, 2017.
2. Microfinance Program - The DEO has further announced The Florida Microfinance Act will help provide Entrepreneurs and Small Businesses in Florida access to credit. The Act consists of two programs: a Loan Program and a Guarantee Program. The Microfinance Loan Program is established in the department to make short-term, fixed-rate microloans in conjunction with business management training, business development training, and technical assistance to entrepreneurs and newly established or growing small businesses for startup costs, working capital, and the acquisition of materials, supplies, furniture, fixtures, and equipment. Participation in the loan program is intended to enable entrepreneurs and small businesses to access private financing upon completing the loan program.
Eligibility: Small businesses or entrepreneurs may be eligible for a microloan not to exceed $50,000 to be used for startup costs, working capital, and the acquisition of materials, supplies, furniture, fixtures, and equipment. All microloans must be personally guaranteed and additional requirements apply. To meet eligibility requirements for a loan guarantee under the Microfinance Guarantee program, you must be an entrepreneur or small business located in the state; employ 25 or fewer people; generate average annual gross revenues of $1.5 million or less for the last 2 years; and meet any additional requirements established by Enterprise Florida, Inc. To apply: http://www.floridajobs.org/microfinance.
3. Small Business Loans or Lines of Credit administered by Enterprise Florida - The programs enable small businesses to obtain term loans or lines of credit to help them grow and expand their businesses. The program provides a lender with the necessary security, in the form of a partial guarantee, for the lender to approve a loan or line-of-credit. Businesses must have 500 or fewer employees, deals may not exceed $20M including private investment, and lenders must have at least 20% capital at risk in each transaction. To apply: http://floridajobs.org/smallbusinessprograms.
4. U.S. Small Business Administration - Federal assistance administered by the U.S. Small Business Administration (SBA) 2017 Hurricane Irma Recovery Assistance. Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Certain counties in Florida are eligible. Other eligibility requirements apply. For full details please visit the website: https://www.sba.gov/disaster-assistance/hurricane-irma or 1-800-659-2955 for more information.
1. The Florida Virtual Business Emergency Operations Center (FLVBEOC) is a business resource center. There are resources here to help your business recover. If your business was damaged as a result of the storm, it’s important to fill out the state’s damage assessment form on this site. To register your business and for up-to-date information, please visit: www.flvbeoc.org
2. At FloridaMakes, we exist to make a measurable difference and serve the public good. If your organization has suffered damage or anytime you are in in need of further assistance, please contact us through your Regional Manufacturers Associations listed below:
Manufacturers Association of Central Florida
South Florida Manufacturers Association
Florida Suncoast Manufacturing Association
Bay Area Manufacturers Association
Manufacturers Association of the Space Coast
First Coast Manufacturers Association
Mid-Florida Regional Manufacturers Association
Manufacturing & Supply Chain Alliance of Mid Florida (formerly, Polk Manufacturing Association)
Northwest Florida Manufacturers Council
Sarasota Manatee Manufacturers Association
Southwest Regional Manufacturers Association
Treasure Coast Manufacturers Association
Volusia Manufacturers Association (VMA)