In 1992 following Hurricane Andrew, the state created the Florida Small Business Emergency Bridge Loan Program to help “bridge the financial gap” businesses face during
the critical period between when a disaster hits and when an impacted business has secured long-term recovery resources. Under the program, small business owners can apply for
short-term, interest-free working capital loans up to $50,000 to help expedite the critical reestablishment of business before other aid and insurance claims are processed.
Since inception of the program, Florida First Capital has proudly served on a pro bono basis as the state appointed fiscal administrator of the program, providing loan closing and servicing
functions free of charge.
“We know it’s imperative that disaster-impacted small businesses have quick access to working capital to restart their operations – without it, some may never open their
doors again,” said Todd Kocourek, President & CEO of Florida First Capital Finance Corporation. “We are proud to donate our services to administer the distribution of
emergency bridge loans in Florida over these many years.”
In recognition of its efforts, Florida First Capital was honored in 2017 with a national award for its long standing work with the emergency bridge loan program. The company was
presented with a Diamond Award for Non-504 CDC Projects by the National Association of Development Companies (NADCO), the trade association of SBA Certified Development Companies. The
award is given to a Certified Development Company for the most impactful loan or project in a local community.
Florida First Capital was also named a Florida Resource Partner of the Year Award recipient in 2018 by the Florida SBDC Network for its work in economic recovery efforts for the state’s
small businesses that sustained injury from Hurricane Irma.