Helping Businesses Grow & Succeed

Florida SBDC at Seminole State College

Coronavirus: Small Business Updates and Resources

Updated: August 12, 2020, 5:43 p.m.

In light of the continuing concerns surrounding COVID-19 (coronavirus), the Florida SBDC at Seminole State College has suspended all in-person activity at all of our main offices through at least Friday, May 1, as directed by the Seminole State College and the Florida SBDC Network. We will continue to provide consultation services via telephone and video chat.

Main Street Lending Program

The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF).

Please read the Frequently Asked Questions (FAQs) for more information. Also term sheets for each facility providing information regarding eligibility and conditions can be found below.

Additional Information is available on the Federal Reserve System website.

SBA Economic Injury Disaster Loan (EIDL)

Notice: Lapse in Appropriations

SBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.

Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.


In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.


The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.

This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.

Additional Resources

SBA Express Bridge Loans

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan
Small Businesses

Seminole County will invest $10 million into small businesses as part of Seminole CARES, a broad relief program supporting the needs of business owners, residents, not-for-profits, and municipal and community partners.

This one-time grant places emphasis on small businesses that have been negatively impacted by the global pandemic. Funding for this program is made available through the Federal CARES Act.

County staff and community partners are making every effort to disburse grants in a timely manner while following U.S. Department of Treasury funding requirements. The online application portal for Seminole CARES Small Business Grants is scheduled to launch on Wednesday, August 19 at 10AM. Interested applicants are strongly encouraged to prepare for the application process by compiling required documents and application content prior to the portal launch in order to expedite the process. Grants for both programs will be awarded on a first-come, first-served basis. Additional details regarding the launch of the online application portal, the application process, and funding timeline will be posted to this site. Please continue to visit and follow Seminole County social media platforms (Facebook, Twitter) for further updates.

More questions, such as

  • How do I apply?
  • How much money can my business receive?
  • How can this grant be used?
  • What is the eligibility criteria?
  • Where is the application information?
  • What is the required documentation?
  • List of important dates
  • Frequently asked questions

can be answered by visiting the Orange County of Florida Government website.

SBA Debt Relief

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

Additional Debt Relief

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.

What does an “automatic deferral” mean to borrowers?
  • Interest will continue to accrue on the loan.
  • 1201 monthly payment notices will continue to be mailed out which will reflect the loan is deferred and no payment is due.
  • The deferment will NOT cancel any established Preauthorized Debit (PAD) or recurring payments on your loan. Borrowers that have established a PAD through Pay.Gov or an OnLine Bill Pay Service are responsible for canceling these recurring payments. Borrowers that had SBA establish a PAD through will have to contact their SBA servicing office to cancel the PAD.
  • Borrowers preferring to continue making regular payments during the deferment period may continue remitting payments during the deferment period. SBA will apply those payments normally as if there was no deferment.
  • After this automatic deferment period, borrowers will be required to resume making regular principal and interest payments. Borrowers that cancelled recurring payments will need to reestablish the recurring payment.

If you have questions about your current loan and whether or not your loan is automatically deferred, please contact your Loan Servicing Office directly using the following information:

  • Birmingham Disaster Loan Servicing Center
    • Phone: 800.736.6048
    • Email:
  • El Paso Disaster Loan Servicing Center
    • Phone: 800.487.6019
    • Email:

Employee Retention Tax Credit (ERTC)

This tax credit provides direct financial support to businesses of all sizes that retain and pay their workers, either in active or furloughed status, rather than lay them off. Please note: employers who receive a PPP loan are not eligible for a tax credit. For more information, visit the Internal Revenue Service website.

Rebuild Florida Business Loan Fund

The Rebuild Florida Business Loan Fund provides financing to assist businesses with resiliency efforts. The funds will address the current gap in available, affordable capital for businesses that can be used for inventory purchases, construction, working capital, equipment financing and more. Additional information can be reviewed at the Florida Department of Economic Opportunity website.

Black Business Loan Program

The Black Business Loan program (BBLP) offers alternative lending solutions to Florida-based black owned small businesses by providing short-term loans and technical assistance. More information is available through FAMU Federal Credit Union and the Miami Bayside Foundation.

Microfinance Guarantee Program

The Microfinance Guarantee Program is available to stimulate access to credit for entrepreneurs and small businesses in Florida by providing targeted guarantees to loans made to such entrepreneurs and small businesses. Funds appropriated to the program must be reinvested and maintained as a long-term and stable source of funding for the program. Visit the Enterprise Florida website for further information.

BBIF Florida

BBIF Florida is a nonprofit community development financial institution. BBIF is a mission driven organization which helps Florida’s Black, minority and underserved small businesses thrive by providing loan capital alongside business development training.

Visit the BBIF Florida webpage for additional details.


Accion is a global nonprofit organization committed to creating a financially inclusive world, with a pioneering legacy in microfinance and fintech impact investing.

The Accion website provide further information.

Florida SBDC at SSC Consultation Services

All consulting appointments will be conducted either via phone call or  video chat until further notice. Your consultant will discuss with you the best method of communication.

Seminole Cares

The Seminole County Board of County Commissioners approved a comprehensive relief package to spend up to $82 million in Federal CARES Act funding at a County work session on Tuesday, July 14. The program will be referred to as Seminole CARES.

Approximately $7 million in CARES funds will be invested in grants for our residents and $10 million will be allocated for small business grants.

Seminole Cares Small Business Grants

Seminole County Economic Development is currently awarding grants to businesses that applied and qualified during the first round of small business grants. Announcements regarding whether a business qualified for funding will be made by July 24th.

The County will begin accepting applications for the second round of small business grants, the Seminole CARES grant, in mid-August. Communications regarding grant criteria and required supporting documents will begin by July 24 and will be posted on and County social media platforms. Interested applicants should visit these sites to learn more about the grant criteria, the required supporting documents, and when the grant application process will open.

We are encouraging businesses to sign-up for email updates regarding Seminole CARES Small Business Grant program by visiting click on “Businesses,” near the top of the page, then click on “Sign Up Here For Notifications.”

Grant Ammounts: $5k - $15k

Business Size Grant Amount Notes
  • Home-based (must have 1 W2 employee that is not the owner)
  • Mobile businesses (must have 1 w2 employee that is not the owner
  • Commmercially zoned businesses that only employ 1099 employees (e.g. hair salons)
$5,000Must have a business tax license. Businesses without a license should apply for individual/residential grant (e.g. hairstylists, independent 1099 contractors, home-based with one employee only)
  • Business with 2–25 employees
$10,000Must be W-2 full-time employees or part-time equivalent, including owner(s)
  • Businesses with 26–50 employees
$15,000Must be W-2 full-time employees or part-time equivalent, including owner(s)

Eligibility Criteria:

  • For profit business that is not publicly traded.
  • Located in Seminole County (Unincorporated Seminole County or one of the County’s seven cities: Altamonte Springs, Casselberry, Lake Mary, Longwood, Oviedo, Sanford, or Winter Springs).
  • Demonstrate business interruption, closure, or documented impacts due to COVID-19.
  • Business began operating on or before January 1, 2020 and can validate ongoing business operations as of February 29, 2020 and is expected to be fully operational after local and state emergency guidelines are lifted.
  • Received $100,000 or less of federal funding via Paycheck Protection Program and
  • Commit to following state and local COVID-19 safety recommendations, including the requirement for employees and consumers to wear masks and social distance.

Grant Expenses:

  • Reimburse the costs of business interruption due to COVID-19.
  • Workplace improvements directly related to mitigating the spread of COVID-19, including PPE, sanitation, and safety supplies.
  • Marketing, signage, and promotions.
  • Payroll
  • Utilities and
  • Rent/mortgage.

Additional Criteria

  • One grant per business.
  • Funds may not be used to pay bonuses, commissioner, dividends, or salary increases for owner(s) or investor(s).
  • No outstanding code enforcement violations and must be current on County taxes, fees, and assessments.
  • Funds must be utilized by 12/30/2020 and
  • No owner, officer, partner, or principal act of the business has a felony conviction or financial mismanagement within the last two years for which he/she is still serving a sentence.

An application portal will launch in mid-August as part of the grant application process. All applicants will apply on the portal and upload supporting documents to the portal.

Seminole Cares Individual/Residential Grants

Seminole County is investing $7 million for individual assistance grants. The program will provide a one-time payment per household for residents affected by COVID-19. Funds for this program will assist residents to bridge financial gaps for rent/mortgage costs or an eligible utility expense.

Grant Amount: Up to $5,000 depending on housing costs

Eligibility Criteria:

  • Reside in Seminole County (Unincorporated Seminole County or one of the County’s seven cities: Altamonte Springs, Casselberry, Lake Mary, Longwood, Oviedo, Sanford, or Winter Springs).
  • U.S. Citizen or permanent legal resident and
  • Applicant lost job or experienced a reduction in work hours due to COVID-19.

Grant Expenses:

  • Up to 3 months of Rent or mortgage assistance (Seminole County will direct pay mortgage companies or landlords).
  • Up to 3 months of Utility assistance (Seminole County will direct pay eligible utility expenses).

The application portal for this program will launch in mid-August. Interested parties should visit and County social media platforms to learn more about this program.

State Resources

  • Florida Department of Health COVID-19 website: Information and guidance regarding COVID-19 in Florida.
  • COVID-19 related questions in Florida: Individuals and business can contact the Florida Department of Health dedicated COVID-19 Call Center by calling 866.779.6121. The Call Center is available 24 hours a day. Inquiries may also be emailed to
  • Business Damage Assessment: Visit the FloridaDiaster.Biz website.
  • Employment questions: If your employment has been negatively impacted because of efforts to stop the spread of COVID-19, you may be eligible to receive Reemployment Assistance. For more information, visit the Reemployment Assistance Service Center website.

Federal Resources

These resources can help small businesses develop a plan to protect their employees, lessen the financial impact of disasters, and re-open for business quickly to support the economic recovery of the community.

Thank you and stay healthy!

About us - The Florida SBDC at Seminole State College of Florida is a partnership program with U.S. Small Business Administration. As a sub-center of the Florida SBDC at University of Central Florida, the Florida SBDC at Seminole State has been actively serving the entrepreneurs of Seminole County since 1993. The Florida SBDC at Seminole State College acts as the lead support agency for the Center for Business Development.

No cost one-on-one business consultations

Meet with one of our consultants in a confidential setting to discuss your current business issues:

  • Financing (SBA and conventional loans)
  • Marketing
  • Business plans
  • Patents and trademarks
  • Franchise information
  • Selling to the government
  • HubZone empowerment contracting
  • Program management
  • Human resources
  • Business startup
  • International business
  • Small business
  • Innovation research programs (SBIR)
  • Small business technology
    transfer programs (STTR)
  • Buying and selling a Business

Meet our staff:

Monica Williams Monica Williams, Consultant – Monica has over a decade of experience starting, developing and leading small businesses. With a background in psychology and wellness, Monica opened a personal development business using neuroscience to train professional athletes in the NFL, NBA and NBL. Her work with the Atlanta Braves management team fueled her passion to work with organizational leaders and launched her career consulting small businesses.

With a focus on the big picture and the bottom line, Monica has become a trusted partner to business owners who need help navigating complex situations. She specializes in organization development and strategic planning.

Renee D. Templeton Renee D. Templeton, Bookkeeper and Administrative Assistant – Renee Templeton supports the Florida SBDC at Seminole State College as its administrative assistant and bookkeeper, assisting clients with hands-on sessions in how to operate bookkeeping software under the direction of a certified business consultant.


Barbara E Slodysko Barbara E Slodysko, Administrative Support Specialist – Barbara Slodysko supports the Florida SBDC at Seminole State College staff as well as client communications.


© 2020 - State Designated as Florida's Principal Provider of Business Assistance [§ 288.001, Fla. Stat.]

The FSBDC at SSC is a member of the Florida SBDC Network, a statewide partnership program nationally accredited by the Association of America's SBDCs and funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners, with the University of West Florida serving as the network's lead host institution. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for limited English proficient individuals.