Bravafi Is Offering Financial Assistance to Those Burdened By The Pandemic In Miami
Financial services provider Bravafi is offering financial assistance to those facing hardships in Miami on account of the coronavirus pandemic that is nearing the end of its second year of wreaking havoc all around the world.
Miami Dade County has reported 677 thousand cases of coronavirus since the start of the pandemic. The virus has also been responsible for over 9100 deaths. The stark figures make it the deadliest county in the state of Florida, followed by Broward County, and Hillsborough County. The state was also ranked third in the country in order of most coronavirus cases and deaths following California and Texas.
In summer 2020, an infectious disease expert at the University of Miami went so far as to call Miami “the epicenter of the pandemic” due to the surge of cases that followed the arrival of college students and tourists for the spring season. Local authorities responded to the surge by imposing a curfew and ordering restaurants to shutter their indoor dining services, leading to massive layoffs. The same pattern repeated over summer 2021 as visitors emboldened by vaccinations once again flocked to the city’s many beaches and social venues.
As the year progressed, Florida was able to push back against the rising number of coronavirus cases. It has successfully managed to play its part in battling the pandemic as, as of the time of writing, its vaccination rate stands at 61.5% which is higher than the national average of 59.9%. Though the numbers fare better than just over half of the states in the country, it is no cause for celebration as there is still a long way to go towards completely containing the virus and returning the state’s economy to the level it was at before the pandemic began.
According to statistics from the US Bureau of Labor, Miami had recorded a 15% drop in total nonfarm employment in April 2020, 2% higher than the national average for the same time period, when the pandemic was just beginning. In 2021, however, the numbers don’t spell all doom and gloom. Despite the initial hammering that the state’s economy took, it is bouncing back as a result of the state government’s efforts to control the spread of the virus. The employment numbers gradually improved over the rest of 2020 and 2021. The Miami metropolitan area saw over 119 thousand new jobs added between September 2020 and September 2021. The leisure and hospitality industry saw the largest gains followed by professional and business services, and trade, transportation, and utilities.
The pandemic affected the livelihoods of a huge swath of the city and county’s population. Those who found themselves out of work were left in dire straits with no means to provide for basic necessities like rent, food, and utilities. Towards the end of 2020, authorities in Miami-Dade County were hard at work providing those in need, the funds allocated by the federal CARES Act. By mid-November 2020, it had managed to help around 12,000 households with the office being continuously inundated with applications. The application period was closed and reopened several times to give the administration time to keep up with the demand.
Bravafi - Miami is doing its part to support those that are struggling to make ends meet in these unprecedented times by providing bespoke financial products that are tailor-made to meet the needs of the thousands of people all over the city, county, and state that were left with no options to financially fend for themselves. The company offers a quick disbursement of funds up to $50,000 at low and competitive rates. It even extends its services to those with bad credit.
A spokesperson for the company commented on the coronavirus situation and its possible future impact by saying, “The impacts of this virus continue to grow and it's hard to say how it's going to be in the years to come even.”
For more information about Bravafi - Miami, contact the company here:
Bravafi - Miami
5195 NW 77th Ave
Miami, FL 33166