03/05/2026
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Release Date: March 4, 2026 Contact: [email protected]
Release Number: MD-20012-02 Follow us on X, Facebook, LinkedIn & Instagram
SBA Relief Still Available to Maryland Small Businesses and Private Nonprofits Affected by Adverse
Weather Deadline to apply for economic injury loans approaching
WASHINGTON – The U.S. Small Business Administration (SBA) is reminding small businesses and private
nonprofit (PNP) organizations in Maryland of the March 16 deadline to apply for low interest
federal disaster loans to offset economic losses caused by flooding, excessive rain and flash
flooding that occurred May 13-14, 2025.
The disaster declaration covers the Maryland counties of Allegany, Garrett and Washington,
Pennsylvania counties of Bedford, Fulton and Somerset as well as West Virginia counties of
Hampshire, Mineral and Morgan.
Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to
eligible small businesses, small agricultural cooperatives, nurseries, and PNPs with financial
losses directly related to this disaster. The SBA is unable to provide disaster loans to
agricultural producers, farmers, or ranchers, except for aquaculture enterprises.
EIDLs are available for working capital needs caused by the disaster and are available even if the
small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts,
payroll, accounts payable, and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial
assistance to help communities recover,” said Chris Stallings, associate administrator of the
Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small
businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and
3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due
until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms
based on each applicant’s financial condition.
To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at
(800) 659-2955 or email [email protected] for more information on SBA disaster
assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial
7-1-1 to access telecommunications relay services.
The deadline to return economic injury applications is March 16. However, after the deadline s
passed, there is a 60-day grace period in which SBA will accept applications.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the
only go-to resource and voice for small businesses backed by the strength of the federal
government, the SBA empowers entrepreneurs and small business owners with the resources and support
they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers
services through an extensive network of SBA field offices and
partnerships with public and private organizations. To learn more, visit www.sba.gov.
Are you struggling to recover from a which happened last year?
Assistance may still be available. Find out if you still meet eligibility requirements: lending.sba.gov
