Bridge Loan Helps I-Tech Personnel Services in Jacksonville Maintain Payroll for Employees

Marco Fran, Owner of I-Tech Personnel Services, secures Bridge Loan with assistance from the Florida SBDC at UNF

Marco Tran (left), Owner of I-Tech Personnel Services, secures Bridge Loan with assistance from the Florida SBDC at UNF

Disaster is a team effort. Read this story about partners working together to help Florida’s small businesses recover from Hurricane Irma.

I-Tech Personnel Service, Inc. is a full-service staffing company established in Jacksonville since 1998.

In September 2017, the business sustained physical and economic injury from Hurricane Irma. Seeking assistance, Marco Tran, Owner of I-Tech Personnel Services, turned to the Florida SBDC at the University of North Florida (UNF) for help securing a Florida Small Business Emergency Bridge Loan. When asked about his experience with the storm and the assistance received, he recalled:

What type of damage occurred?

The roof was destroyed by Hurricane Irma.

How will the Emergency Bridge Loan help?

Very much. It helps us to maintain payroll for our employees.

How helpful was the Florida SBDC at UNF?

Very helpful. We got help very fast.

About the Florida Small Business Emergency Bridge Loan Program

Administered by the Florida Department of Economic Opportunity, in collaboration with the Florida SBDC Network, and supported by Florida First Capital Finance Corporation (FFCFC), the Florida Small Business Emergency Bridge Loan is a short-term, interest-free working capital loan intended to help small businesses “bridge the gap” between the time of a declared disaster and when the business has secured long-term recovery resources, such as insurance proceeds or federal disaster assistance. Governor Rick Scott activated the Florida Small Business Emergency Bridge Loan program on Thursday, September 14 and the first loan was distributed the following Monday. Eligible businesses with two to 100 employees may apply for loans up to $50,000 for 90 or 180-day terms.

As a principal responder in the state’s Emergency Support Function for Business, Industry, and Economic Stabilization, the Florida SBDC Network supports disaster preparedness, response, recovery, and mitigation through its Business Continuation Services. As part of its service offering, Florida SBDC professionally certified consultants and disaster specialists are available to provide confidential, no-cost consulting to help affected businesses prepare disaster loan applications and with other post-disaster challenges.

Marco Fran, Owner of I-Tech Personnel Services, secures Bridge Loan with assistance from the Florida SBDC at UNF

"Very helpful. We got help very fast."

- Marco Fran, Owner - I-Tech Personnel Services, Inc.

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