Governor Wes Moore announced that the U.S. Small Business Administration has approved low-interest Economic Injury Disaster Loans for small businesses and nonprofits affected by the Empire Tower structural emergency in Anne Arundel County. The relief targets operational disruptions that began on July 9, 2026, providing working capital support without requiring physical property damage.
SBA Loan Terms and Financial Assistance Details
Eligible small businesses may apply for loans of up to $2 million through the Small Business Administration program, according to state release documents. The financing carries favorable terms designed to ease cash flow pressures during extended disruptions. Interest rates are set at 4% for businesses and 3.625% for private nonprofit organizations, with repayment terms stretching up to 30 years.
Borrowers benefit from deferred payment structures. According to the state announcement, interest does not accrue and payments are not required during the first 12 months following the initial loan disbursement. Funds can cover ordinary and necessary operating expenses, including payroll, fixed debts, accounts payable, and utilities.
Local Economic Impact and Official Response
The structural emergency at Empire Tower created operational challenges for businesses in the surrounding area. Maryland Department of Emergency Management Secretary Russell Strickland noted that economic impacts from emergencies can extend beyond physical damage and affect the ability of businesses to operate. State and county officials coordinated closely to establish support networks for impacted owners.
“Anne Arundel County’s local businesses were profoundly impacted by the structural emergency at Empire Towers,” Governor Moore said in a public statement. “This SBA assistance means critical resources are available for eligible businesses as they navigate the economic impacts of this incident.”
Disaster Loan Outreach Center Operations
To facilitate applications, the Small Business Administration opens a Disaster Loan Outreach Center in Anne Arundel County on Thursday, September 24, 2026, at 9:00 a.m. Representatives will be on-site to answer eligibility questions and assist applicants through the submission process.
- Location: Anne Arundel County Office of Emergency Management, 7480 Baltimore Annapolis Blvd., Glen Burnie, MD 21061
- Hours: Monday through Friday from 9:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 1:00 p.m. Sundays are closed.
- Closing Date: The outreach center concludes operations on Friday, October 9, 2026, at 5:00 p.m.
Anne Arundel County Executive Steuart Pittman emphasized that the outreach center serves as a critical step toward connecting local business owners with key resources. Organizations seeking financial relief can receive in-person guidance at the Glen Burnie facility before the October closing date.
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