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

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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.

 

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