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Business Resources

Centers for Disease Control Interim Guidance for Businesses & Employers: The Centers for Disease Control has developed Interim Guidance for Businesses and Employers to plan, prepare and respond to the coronavirus disease 2019 (COVID-19). This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). The Centers for Disease Control and Prevention (CDC) will update this interim guidance as needed and as additional information becomes available.

Lee County Economic Development: Lee County Economic Development has created this one-sheet with information about loans, re-employment, and more.

Lee County Emergency Operations Center: Information on this page will be updated regularly as decisions are made that impact Lee County BoCC Government Services.

Loans – There are currently 2 different loans available

Florida Small Business Emergency Bridge Loan Program: Governor Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by COVID-19. The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period opens on March 17, 2020 and runs through May 8, 2020. The current allocation is $50 million to be shared among the state. The program is first come, first served.
Small business owners with two to 100 employees located in Florida affected by COVID-19 can apply for short-term loans up to $50,000. These loans are designed to bridge the gap to either federal SBA loans or commercially available loans. DEO will work with every borrower to ensure that repayment of the loan isn’t an overwhelming burden. To be eligible, a business must have been established prior to March 9, 2020 and demonstrate economic impacts as a result of COVID-19.
(This program is zero interest for 12 months but has a hefty 12% RETROACTIVE interest rate if not paid back in full at the end of the 12 months) Caution is advised when applying for this loan, if you do not have the ability to pay it off, you can also apply for the SBA Economic injury disaster loan also. (second loan program listed below)
START THE BRIDGE LOAN PROCESS HERE 

Coronavirus Emergency Loans Small Business Guide & Checklist: This guide was provided by the U.S. Chamber of Commerce. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.  Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency.  Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

SBA Economic Injury Disaster Loans

If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area.

you may be eligible for an SBA Economic Injury Disaster Loan (EIDL):
• Small Business
• Small agricultural cooperative
• Most private nonprofit organizations
Loan Amounts and Use
Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses. EIDLs provide the necessary working capital to help small 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. Your loan amount will be based on your actual economic injury and your company’s financial needs, regardless of whether the business suffered any property damage.

Eligibility and Terms
The interest rate on EIDLs will not exceed 4 percent per year. The term of these loans will not exceed 30 years. The repayment term will be determined by your ability to repay the loan. EIDL assistance is available only to small businesses when SBA determines they are unable to obtain credit elsewhere. A business may qualify for both an EIDL and a physical disaster loan. The maximum combined loan amount is $2 million.

How to Apply
You can apply online HERE for an SBA disaster assistance loan. You must submit the completed loan application and a signed and dated IRS Form 4506-T

giving permission for the IRS to provide SBA your tax return information. For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

APPLY FOR AN SBA LOAN HERE