Small Business Administration Archives - Page 2 of 2

Maryland U.S. Attorney’s Office collects over $26 million in civil, criminal actions for U.S. taxpayers in FY 2021

Posted on December 22, 2021 by Chris Montcalmo

BALTIMORE, MD—U.S. Attorney Erek L. Barron this week announced that financial collections in criminal and civil actions in Fiscal Year (FY) 2021 in the District of Maryland reached $26,206,937.09. The U.S. Department of Justice keeps statistics on a fiscal year basis, closing the books each September 30th. “Thanks to the hard work and dedication of employees of the U.S. Attorney’s […]

Governor Hogan announces federal approval of Small Business Administration disaster declaration for Tropical Depression Ida

Posted on October 19, 2021 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday announced approval of a U.S. Small Business Administration disaster declaration for areas affected by Tropical Depression Ida. The declaration, which makes low-interest disaster loans available, covers Anne Arundel, Cecil and Montgomery counties, as well as the adjacent counties of Baltimore, Baltimore City, Calvert, Frederick, Harford, Howard, Kent, and Prince George’s. “I want to thank […]

Governor Hogan announces $4 million in aid for Tropical Depression Ida relief

Posted on October 15, 2021 by Chris Montcalmo

UPDATE: The Small Business Administration has approved a disaster declaration for areas affected by Tropical Depression Ida. Original story below… —— ANNAPOLIS, MD—Governor Larry Hogan on Friday announced that the State of Maryland is making $4 million in funding available to assist residents and businesses affected by Tropical Depression Ida. In addition, the governor has requested a disaster declaration from […]

Frosh joins coalition urging Congress to strengthen Paycheck Protection Program

Posted on May 6, 2020 by Chris Montcalmo

NOTTINGHAM, MD—Maryland Attorney General Brian E. Frosh on Wednesday joined a coalition of 23 state attorneys general in calling for key changes to the Paycheck Protection Program (PPP) to ensure that funds are distributed fairly and equitably. In a letter sent to Congressional leadership, the attorneys general express concern that the program, while helping some small businesses and their employees, […]

SBA lenders to begin taking applications for 2nd round of Paycheck Protection Program funding on Monday

Posted on April 26, 2020 by Chris Montcalmo

NOTTINGHAM, MD—On Monday, SBA lenders will begin taking applications again for the second round of funding for the Paycheck Protection Program. Baltimore County officials say funding will be very limited so business owners should be prepared to submit their applications first thing on Monday morning. The first round of PPP funding was exhausted in less than two week. This second […]

Federal Reserve announces an additional $2.3 trillion in loans to support the economy, Powell predicts recovery

Posted on April 9, 2020 by Chris Montcalmo

WASHINGTON, DC—The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address this public health crisis, […]

CARES Act Paycheck Protection Program rolls out for Baltimore County small businesses

Posted on April 3, 2020 by Chris Montcalmo

BALTIMORE, MD—The United States Treasury and the Small Business Administration are offering programs that will assist Baltimore County’s small businesses during the coronavirus pandemic. The new Paycheck Protection Program rolls out on Friday, April 3, 2020. The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic […]

Governor Hogan announces Maryland’s official designation for SBA economic injury loans during COVID-19 pandemic

Posted on March 20, 2020 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan this week announced that Maryland has received official designation from the U.S. Small Business Administration (SBA) for its Economic Injury Disaster Loan (EIDL) program, which provides low-interest federal disaster loans for small businesses impacted by the COVID-19 pandemic. According to the SBA, the loans will help alleviate financial strain and allow businesses to pay bills, payroll, […]

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