Florida approves emergency bridge loans for small businesses

March 25, 2020

Blog Post

In order to alleviate some of economic distress faced by many small businesses as a result of the COVID-19 pandemic, the Florida Department of Economic Opportunity (FLDEO) approved a Small Business Emergency Bridge Loan program effective as of March 19, 2020. The program offers short-term, interest free loans to small businesses to bridge the gap between time that either business operations recover, the business secures other financing, or the business receives any proceeds from insurance coverage available. The program is open to small businesses formed prior March 9, 2020, with at least two but no more than 100 employees. Each applicant is eligible for a loan up to $50,000 (and even up to $100,000 in some cases) on an interest free basis for the first year. In addition to completing the loan application, applicants are asked to participate in a survey to help the FLDEO assess the impact of COVID-19. Deadline to apply is May 8, 2020. For further information, click here.

Last month the Ohio Supreme Court appeared to have settled a question as to whether public bodies found to have violated the Open Meetings Act, R.C. 121.22 — the statute that generally requires public bodies to deliberate and make decisions out in the open — may cure their violations by simply redoing in the open what they failed to do in the first place.

The Ohio Senate continues to consider whether to adopt a measure advanced nearly unanimously by the Ohio House that would authorize many public bodies to conduct meetings virtually.

The Ohio Supreme Court determined that a township’s mailing and email lists, used for the purposes of distributing newsletters to residents and businesses, were subject to the Public Records Act, R.C. 149.43

Florida approves emergency bridge loans for small businesses

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