U.S. Small Business Administration
Governor Hogan announced on March 19 that the entire state of Maryland has received official designation for SBA assistance. Individual businesses can apply directly to the SBA for low-interest loans through the Economic Injury Disaster Loan (EIDL) program.
Important note: Self-employed and churches can also apply for this.
With the passage of the CARES Act, an additional $10 billion has been added to the SBA’s EIDL program, which provides low-interest loans to companies affected by the outbreak. There is also a new emergency $10,000 advance from SBA. This advance may be available even if your EIDL application was declined or is still pending, and will be forgiven. When filling out the EIDL application, be sure to click on “additional information” to request the advance.