Ron DeSantis announces first bridge loan for Michael-struck farm

Gov. Ron DeSantis awarded the first small business emergency “bridge loan” for agriculture producers post-Hurricane Michael.

The first Small Business Emergency Bridge Loan will go to John P. Jordan Farm in Bascom, Jackson County.

“We are so grateful to Governor DeSantis for activating the Small Business Emergency Bridge Loan for the upcoming growing season,” said proprietors John and Cindy Jordan in a statement. “We also want to thank the farmers and the community of Jackson County for advocating for this program.”

DeSantis said the loan should help keep the agriculture economy going even in the wake of the historic Category 5 Hurricane.

“Hurricane Michael decimated crops and left long-lasting impacts across Northwest Florida,” he said. “Assisting farmers as they prepare for the upcoming growing season is a critical step in ensuring future resiliency for Floridians. This loan is part of the process to helping agricultural producers get back on their feet.”

The Florida Department of Economic Opportunity administers the program along with the Florida Small Business Development Center Network and Florida First Capital Finance Corp.

The loans are interest-free but must be paid back. The service is available to agricultural producers located in designated disaster areas that

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