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Good news for small businesses from AAEDC

| March 19, 2020, 12:46 PM

Rams Head

Today Anne Arundel Economic Development Corporation (AAEDC) Vice President of Finance Steve Primosch announced that AAEDC joined the State of Maryland’s application for an Economic Injury Declaration through the Small Business Administration (SBA).

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Rams Head

“In speaking to the SBA, the application is expected to be approved today or tomorrow,” said Mr. Primosch. “After that is done companies can apply at the SBA’s Disaster Loan Assistance page.” The URL for that page is disasterloan.sba.gov/ela/Account/Login. The anticipated turn around time for small business applications is 21 days.

Today’s announcement follows AAEDC’s March 16th decision to waive late fees for businesses that have loans through its finance program and whose operations are disrupted by the Coronavirus (COVID-19) outbreak. Affected business loan clients are encouraged to contact AAEDC if other payment modifications are needed.

Businesses are encouraged to regularly check the “Newsroom” section of AAEDC’s website, www.aaedc.org. The page offers links to state and federal resources available to assist impacted businesses. Topics include employer and worker assistance, financial assistance and taxes and licensing and permitting.

Rams Head

Category: Businesses, LIFE IN THE AREA, Local News, NEWS, Post To FB

About the Author - EOA Staff

Eye On Annapolis is a community based site focusing strictly on Anne Arundel County. These staff postings are general news postings made by our team of bloggers throughout the day and are not attributed to any one particular staff person.

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