Baltimore, MD – SBA Approves Economic Injury Disaster Loans
Governor Wes Moore announced that the Small Business Administration (SBA) has approved a request for a Small Business Administrative Declaration. This declaration offers Economic Injury Disaster Loans to eligible businesses affected by the structural emergency at Empire Towers.
The declaration enables access to low-interest loans aimed at helping organizations manage financial setbacks due to the incident. Governor Moore commented on the impact, stating, “Anne Arundel County’s local businesses were profoundly impacted by the structural emergency at Empire Towers. This SBA assistance provides critical resources as they navigate the economic fallout, strengthening our local economy and supporting Maryland communities.”
The loans can be utilized for covering essential operating expenses, including payroll and rent, with the possibility of deferred payments. The Moore-Miller administration is committed to supporting local business owners with the necessary resources during this challenging period.
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