Small Business Administration offering loans for businesses impacted by Francis Scott Key Bridge collapse

  • 📰 WGAL
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Administrator Guzman made the loans available in response to a letter from Maryland Gov. Wes Moore on Friday.

On Saturday, the Small Business Administration Administrator Isabel Casillas Guzman announced that Mid-Atlantic small businesses that were affected by the Francis Scott Key Bridge collapse may apply for low-interest, long-term Economic Injury Disaster Loans .“The SBA joins the entire federal family in grieving for the lives lost in the tragic collapse of the Francis Scott Key Bridge,” said Administrator Guzman.

The declaration applies to small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit businesses. Applicants in those areas can apply for EIDL of up to $2 million to help with loss of revenue from the bridge collapse.These loans can help with paying for normal business expenses such as debts, payroll and other bills that can’t be paid due to the collapse.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 331. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small business owners win lawsuit against Biden administration over race-based financial supportThree small business owners successfully sued the Biden administration for attempting to provide government financial support based on race. The lawsuit was filed by the Wisconsin Institute for Law & Liberty (WILL) on behalf of the plaintiffs against the Minority Business Development Agency (MBDA). The MBDA aimed to support minority-owned businesses, but the plaintiffs were denied assistance due to their race.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Small Business Crawl: Celebrating Womxn Owned BusinessJoin in this Saturday! March 30, for an all-day celebration of women-owned businesses! Introducing the Small Business Crawl, where you can explore various locations throughout the day and discover unique offerings, specials, and samples.
Source: SAcurrent - 🏆 607. / 51 Read more »

Ohio Small Business Owners Fear a TikTok Ban Would Take a Hit to Their SalesOhio small business owners worry banning TikTok could be bad for business.
Source: ClevelandScene - 🏆 383. / 55 Read more »

Small business hiring woes show signs of easing as economy stays strongHiring woes may be easing for small businesses.
Source: ksatnews - 🏆 442. / 53 Read more »