Governor Larry Hogan’s Request for a Small Business Administration Physical Disaster Declaration Approved
SBA Low-interest Loans Available to Qualifying Homeowners, Renters, and Businesses Affected by Flooding in Mid-May
REISTERSTOWN, Md. (June 15, 2018) — Governor Larry Hogan has announced that the U.S. Small Business Administration (SBA) has approved his request for a physical disaster declaration for Frederick County following flooding that began on May 15 and lasted for days. This declaration will allow affected businesses, homeowners, and renters to apply for low-interest loans to repair damages. People who live in adjacent counties, including Carroll, Howard, Montgomery, and Washington counties are also eligible to apply.
“Many businesses, homeowners, and residents were profoundly affected by the flooding that occurred in May,” said Governor Hogan. “The loans offered by the SBA are one important component of the rebuilding process. In addition, we are also seeking additional federal assistance through FEMA for which I have submitted a request for a major disaster declaration.”
State officials from the Maryland Emergency Management Agency (MEMA) joined Frederick County and SBA staff last week to assess damages in order to apply for this program.
Officials have announced the location and hours for disaster loan outreach centers where residents can go to apply for assistance. SBA staff at these centers will help residents apply for low-interest loans to repair damaged homes and businesses. Centers will be open in Frederick and Washington counties.
- Frederick County will open a center on Monday, June 25 through Saturday, June 30. Hours will be Monday-Friday 9:00am-6:00pm, and Saturday, June 30, 10:00am-2:00pm. The location is: Public Safety Training Facility, 5370 Public Safety Place, Frederick, MD 21704.
- Washington County will open a center on Tuesday, June 19 through Tuesday, June 26 from 9:00am-6:00pm and Saturday, June 23 from 10:00am-2:00pm. The center will be close on Sunday. The location is: Sharpsburg Fire Department, 110 W Chapline St, Sharpsburg, MD 21782.
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit 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.