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Small Business Administration (SBA) Loans Available through CARES Act

(posted 4/1/2020)

Dear Bank of Glen Burnie Customers:

Small businesses are crucial to our local community and we are committed to helping local businesses navigate the COVID-19 relief options established through the Coronavirus Aid, Relief and Economic Security (CARES) Act in response to the COVID-19 crisis.

Paycheck Protection Program

The CARES Act helps small businesses through the creation of the Paycheck Protection Program (PPP), a low-interest loan program that will provide up to $350 billion in fully forgivable loans to help small businesses maintain payrolls during the COVID-19 pandemic. 

These loans can be forgiven if payroll and other factors are met and may be the best strategy for many small business owners to stay in business and keep their employees during a prolonged quarantine period or economic slowdown.

Yesterday, the Treasury Department issued much anticipated guidance for the Paycheck Protection Program.

Small businesses and sole proprietorships (generally those with 500 or fewer employees) may apply for PPP loans starting Friday, April 3, 2020. Independent contractors and self-employed workers can apply starting April 10, 2020.

PPP loans will be fully forgiven when used for payroll costs, interest on mortgages, rent and utilities, with at least three quarters of the forgiven amount being used for payroll; forgiveness is based on employers maintaining headcount or quickly rehiring and maintaining salary levels.

In addition to the Paycheck Protection Program loan, the SBA is also offering an Economic Injury Disaster Loan (EIDL) to small business owners. You can apply for this low-interest, federal disaster loan directly through the SBA (see link below).

We stand ready to work with the small businesses in our community as you consider whether the various programs established through CARES are suitable for you.

If you plan to take advantage of this SBA program, please contact our lending team for assistance.


Andy Hines, EVP and Chief Lending Officer (LoanAdmin@bogb.net)

Submit your information in the form below and one of our lenders will reach out to you.


Learn More About the CARES Act at treasury.gov.cares  

Learn More About the Small Business Paycheck Protection Program

Paycheck Protection Program Information Sheet for Borrowers

View Paycheck Protection Program Loan Application Form

SBA Disaster Assistance Information

COVID-19 Economic Injury Disaster Loan (EIDL) Application

CARES Act SBA Loan Inquiry Form

Consumer Installment Loan Payment Deferrals

(posted 3/24/2020)

Customers impacted by COVID-19 may request a one-time payment deferral on CONSUMER INSTALLMENT LOANS (vehicles, boats, unsecured personal loans). At the time of request, the loan must be current and up-to-date.

To request a deferral, please sign and return the Pandemic Loan Payment Deferral Agreement. This agreement must be signed by all borrowers on the loan. Signed agreements can be returned via mail, fax or email following the instructions listed on the agreement.


  • ONLY CONSUMER INSTALLMENT LOANS are eligible. Mortgages, commercial loans, and lines of credit are not eligible for this program.
  • Loan must be CURRENT and up-to-date.
  • AUTOMATIC LOAN PAYMENT CUSTOMERS should contact our Loan Operations Department (410-689-0091) prior to returning the deferral agreement.
  • Customers may request a deferral for EITHER their April OR May loan payment (select only ONE).
  • The DEFERRED PAYMENT will be added to the end of the loan which means the maturity will be 30 days later than originally stated in loan documents. All other terms and conditions of the original agreement remain in force.
  • INTEREST and OTHER CHARGES will continue to ACCRUE on the loan balance even during the skipped month selected. This may INCREASE the amount of the final payment.
  • LATE FEES will be WAIVED on the deferred payment and the loan will be reported as “current” until the following due date.
  • The agreement must be returned with legal signatures of ALL original note signers PRIOR to participation. Failure to do so means that late fees and negative information reported would go on as normal.

Important Information Regarding Changes to Lobby Access Effective 3/19/2020

(posted 3/18/2020)

We are committed to servicing our customers safely and effectively.  As a result of COVID-19, businesses across the U.S. are modifying operations in an effort to continue to safely serve customers while also adhering to guidance offered by the CDC and various local, state and federal health officials to practice social distancing in public places.  Public health officials have stressed that limiting human interaction in the early weeks of the COVID-19 outbreak is crucial to slowing the spread. Banks nationwide are taking proactive steps to protect employees and customers by making the difficult decision to close branch lobbies as part of efforts to reduce the spread of COVID-19.

Effective Thursday, March 19, 2020, The Bank of Glen Burnie will begin temporarily servicing customers via the drive-up window to support this public health effort. The Bank of Glen Burnie will close our lobbies in all branches and they will remain closed until further notice. We will offer lobby service by appointment only for customers who require Safe Deposit Box access or assistance that requires an “in-person” visit.

Our hours of operation will remain unchanged. We encourage you to take advantage of Online and Mobile Banking, ATMs, telephone banking and night-depository services. These options are available to customers as an alternative means of conducting transactions 24 hours a day, 7 days a week.

Please use the following telephone number to schedule a lobby appointment:

Glen Burnie – 410-768-8852

Odenton – 410-674-2200

Riviera Beach – 410-437-2070

Crownsville – 410-923-2200

Severn – 410-551-2100

New Cut – 410-766-5343

Linthicum – 410-487-8500

Severna Park – 410-544-0270

We believe these are the appropriate precautionary steps to maintain essential access to critical financial services, while at the same time helping prevent the spread of the virus.  Doing so, supports the well-being of our customers, employees and our community. We will continue to monitor the situation and may adjust access as warranted.

Thank you for your understanding as we work together to do our part to help slow the spread of COVID-19 in our community.

A Message to our Customers About COVID-19

(posted 3/10/2020)

Read Message