Governor Hogan’s Request For Physical Disaster Declaration Approved By U.S. Small Business Administration
SBA Low-Interest Loans Available To Qualifying Businesses And Residents Affected By Violence In Baltimore City
ANNAPOLIS, MD (May 11, 2015) – Governor Larry Hogan today announced that the U.S. Small Business Administration (SBA) has approved his request for a physical disaster declaration for the City of Baltimore due to civil unrest in late April and early May. This declaration will allow affected businesses, homeowners, and renters to apply for low-interest loans to repair damages that occurred due to this violence.
“Many businesses, homeowners, and residents were tragically affected by the violence and destruction that occurred in Baltimore City last week,” said Governor Hogan. “The loans offered by the SBA are an important tool for helping businesses rebuild and return to being a vital part of Baltimore’s community and economy.”
State officials from the Maryland Emergency Management Agency (MEMA) joined Baltimore City and SBA staff last week to assess damages in order to apply for this program.
“This approval will allow recovery efforts that have been underway for more than a week to continue,” said Lt. Governor Boyd Rutherford. “I encourage all affected business owners to determine if they qualify for these loans.”
“I want to thank Governor Hogan and the SBA for quickly authorizing the disaster loan program as the state continues to support Baltimore City with various programs to help residents recover and heal,” said MEMA Executive Director Clay Stamp.
Residents can go to the following two locations to apply for assistance. SBA staff at these centers will help residents apply for low-interest loans to repair damaged homes and businesses:
DISASTER LOAN OUTREACH CENTER CITY OF BALTIMORE-EAST
Southeast Anchor Library
3601 Eastern Avenue
Baltimore, Maryland 21224
Opening: Tuesday, May 12, 2015, 10:00 AM to 5:30 PM
Days and Hours: Monday, Wednesday, and Thursday 10:00 AM to 8:00 PM
Tuesday 10:00 AM to 5:30 PM
Friday and Saturday 10:00 AM to 5:00 PM
Closed: Sundays and Monday, May 25, 2015 (Memorial Day)
DISASTER LOAN OUTREACH CENTER CITY OF BALTIMORE-WEST
Pennsylvania Avenue Branch
1531 W. North Avenue
Baltimore, Maryland 21217
Opening: Tuesday, May 12, 2015,10:00 AM to 5:30 PM
Days and Hours: Monday and Wednesday 12:00 PM to 8:00 PM
Tuesday and Thursday 10:00 AM to 5:30 PM
Friday 12:00 PM to 5:00 PM
Saturday 10:00 AM to 5:00 PM
Closed: Sundays and Monday, May 25, 2015 (Memorial Day)
SBA provides low-interest disaster loans to businesses of all sizes, private nonprofit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery and equipment, and inventory and business assets. For more information, please visit www.sba.gov.