SBA offering loans for Delaware businesses affected by Key Bridge collapse


Mid-Atlantic small businesses affected by the Francis Scott Key Bridge collapse may apply for low-interest, long-term Economic Injury Disaster Loans from the U.S. Small Business Administration (SBA ) .

The loans were made available in response to a letter from Maryland Gov. Wes Moore on March 29, 2024, requesting a disaster declaration by the SBA.

The declaration covers the entire state of Maryland and contiguous counties, including the District of Columbia; Kent, New Castle, and Sussex in Delaware; Adams, Bedford, Chester, Fayette, Franklin, Fulton, Lancaster, Somerset, and York in Pennsylvania; Accomack, Independent City of Alexandria, Arlington, Fairfax, and Loudoun in Virginia; and Berkley, Grant, Hampshire, Jefferson, Mineral, Morgan, and Preston in West Virginia.

The declaration applies to small businesses, small agricultural cooperatives, small aquaculture businesses, and private nonprofit organizations. Applicants in the declared area can now apply for a federal Economic Injury Disaster Loan (EIDL) of up to $2 million to help overcome any temporary revenue loss stemming from the bridge collapse. The loans may be used to pay normal operating expenses such as fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disruption.

Eligibility is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4% for small businesses and 3.25% for private nonprofit organizations with terms up to 30 years and are restricted to small businesses without the financial ability to offset the adverse impact without hardship.


Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement, and SBA disaster loan repayment begins 12 months from that date.

Applicants may apply online and receive additional disaster assistance information at . Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email 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.

Beginning Monday, April 1, Customer Service Representatives at the SBA’s Business Recovery Center will assist business owners in completing their disaster loan applications, accept documents for existing applications, and provide status on loan applications. The Center will operate as indicated below until further notice.

Business Recovery Center (BRC)
Baltimore County
Dundalk Renaissance
11 Center Place, Suite 201, Dundalk, MD Opening: Monday, April 1, 1 p.m. to 6 p.m.
Hours:  Monday – Friday, 8 a.m. to 6 p.m.
Saturday, 10 a.m. to 2 p.m.
The filing deadline to return economic injury applications is December 30, 2024