© 2022 All Rights reserved WUSF
Play Live Radio
Next Up:
Available On Air Stations
News about coronavirus in Florida and around the world is constantly emerging. It's hard to stay on top of it all but Health News Florida and WUSF can help. Our responsibility at WUSF News is to keep you informed, and to help discern what’s important for your family as you make what could be life-saving decisions.

Coronavirus: How Small Businesses Can Get Help

an open sign
Dmon_21/Creative Commons

Many small businesses have closed or cut staff due to coronavirus. But federal and state help is available.  



Businesses and non-profit groups are eligible for federal loans of up to $2 million from the Small Business Administration. 


"They've had to close or employees have had to go home and they still need to pay them and money isn't coming in. This is the loan they want to apply for," said Victoria Guerrero, director of the SBA’s regional office in Miami. She says the coronavirus outbreak has created an unprecidented situation for her agency. 


"Typically, when we talk of disasters, it's really localized to a certain area," she said. "A brush fire, or hurricane. This is the first time we're seeing something nationwide and, in essence, it's global pandemic."


Meanwhile, the state is offering $50,000 bridge loans for any for-profit business with 2-100 employees.  The loans are interest free for a year and applications will be accepted through May 8. The University of South Florida's Small Business Development Center is handling applications in the Tampa Bay region. 


More help for small business is likely, as Congress considers a trillion-dollar economic stimulus package.  

Bradley George was a Morning Edition host and reporter at WUSF until March 2022.
WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.