COVID-19 Emergency Lending Resources

Northeast Florida

Ameris Bank

Apply online at www.floridadisasterloan.org.  Applicant (or applicants, if a group loan) must be at least 51% owner of the business.  Documents required for each applicant by upload during application: a copy of their driver’s license, front and back; two years of both personal and business tax returns, proof of wages paid to at least two employees, either W2 or 1099 employees. No paper documents are being accepted.  

SunTrust, now Truist

Contact Brandon Hogue via email with Medical Specialty Commercial Banking. Existing customers of SunTrust/Truist will take priority.

Central Florida

PNC Bank

Physician must call the local bank for the details and discuss their specific situation with them.  No specific COVID program at this time.

CenterState Bank

Have several different programs such as the Coronavirus Aid, Relief & Economic Security (CARES) Act loan which they can generally turn around quickly for amounts up to $350,000.  Carlos Morell is the contact person: email or call  (407) 563-0226.

Regions Bank

• Dr Loan program --- 100% financing with no mortgage insurance among other benefits

• SBA lending partnership and options with our Commercial Dept

• Wealth Management guidance and advisors

• Fast personal and business equity loan options
  

• Regions has also provided 2.5 million (via our nonprofit initiation Regions Foundation) toward organizations that support small business sustainability and recovery.
  
  

South Florida

Amerant

Below and click here to find some information regarding solutions that are currently available:

• Members can take advantage of working capital lines of credit that can be made available to their practices (subject to credit approval) to help cover operating expenses. To inquire about the details or to apply, they can contact me directly.

Home owners are also eligible (subject to credit approval) for low rate, no closing cost Home Equity Lines of Credit to help with emergency funds. They can also reach out to me with any questions or to apply and I will coordinate with the appropriate personnel to ensure applications are taken and processed in a quick and efficient manner.

• Rates on lines will be Prime plus 1%, although it can be discounted on a case by case basis.

Bank of America

Contact Yoisleymi Marrero, AVP /Small Business Banker, Small Business Banking, (786)575-4845 or by email.

Small Business Administration

Florida

Small Business Administration Opens COVID-19 Economic Injury Loans to Florida Small Businesses

Applications will be accepted by qualified for-profit, privately held small businesses that maintain a place of business in the state of Florida. All qualified applicants must have been established prior to March 9, 2020, and suffered economic injury as a result of the designated disaster. Qualified small business applicants must be an employer business with 2 to 100 employees.   https://floridadisasterloan.org/  

Federal

SBA - The Small Business Administration has published a Three Step Process to apply for Disaster Relief Loans (Economic Injury). The website to apply online is https://disasterloan.sba.gov/ela. For more information you may also click here: https://www.sba.gov/funding-programs/disaster-assistance.