Business owners urged to seek assistance from SBA immediately

Business owners urged to seek assistance from SBA immediately

Small businesses affected by the recent bridge collapse in Baltimore now have the opportunity to apply for disaster relief through the Small Business Administration. Governor Wes Moore and Senator Ben Cardin have visited one of the two locations set up for business owners to apply, emphasizing the importance of the low-interest, 30-year duration loans being offered.

Senator Cardin highlighted the benefits of these loans, pointing out that there are no immediate burdens or obligations in the first year, giving small business owners and independent contractors a chance to catch their breath and keep their businesses running despite the loss of revenue.

It is recommended by the SBA that business owners apply as soon as possible, even if they are unsure of the full extent of the impact on their business. The deadline for applications is December 30th, so time is of the essence for those seeking assistance in recovering from the bridge collapse.

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