SBA Urges Business Owners to Apply for Assistance Without Delay

Small businesses in Baltimore that have been affected by the bridge collapse now have the chance to apply for disaster relief through the Small Business Administration (SBA). Governor Wes Moore and Senator Ben Cardin recently visited one of the two locations where business owners can apply for assistance in southeast Baltimore. During their visit, Cardin emphasized the importance of the low-interest loans being offered, with a 30-year duration and no immediate burden or obligations during the first year. This allows small business owners and independent contractors to keep their businesses running despite a decrease in revenue.

The SBA is urging business owners to apply for assistance as soon as possible, even if they are uncertain about the full extent of the impact the collapse may have on their business. The deadline to apply for disaster relief is December 30th. This support is crucial for helping small businesses recover and continue operations during this challenging time.

By Sophia Gonzalez

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