Hundreds of small businesses apply for federal loans after Baltimore bridge collapse

Five hundred businesses have applied for financial assistance stemming from the collapse of the Francis Scott Key Bridge last week, the administrator for the U.S. Small Business Administration announced Thursday. The SBA has deemed mid-Atlantic businesses impacted by the bridge collapse eligible for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help overcome temporary loss of revenue from the collapse and Port of Baltimore’s closure to most maritime traffic.