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$25 million emergency loan program available to Florida citrus growers

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Staff Writer |
Florida citrus
America   The Citrus Emergency Loan Program

Governor Rick Scott activated a $25 million Florida Citrus Emergency Loan Program to support citrus businesses impacted by Hurricane Irma.

The Citrus Emergency Loan Program, which is a subset of the Florida Small Business Emergency Bridge Loan Program, provides short-term, interest-free working capital loans to qualified citrus businesses that experienced physical and/or economic damage during the storm.

These loans are 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.

Designated Disaster Area: All of Florida’s 67 counties. Qualified Applicant: Applications will be accepted by qualified citrus businesses that maintain a citrus grove in the state of Florida.

Qualified applicants must be a Florida citrus grower with land in production that has suffered physical damage and/or economic injury as a result of the designated disaster and be established prior to Sept. 4, 2017.

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