A U.S. magistrate judge has ordered former Baltimore Mayor Stephanie Rawlings-Blake to pay back more than $2.1 million after a bank sued her for an outstanding loan balance, according to court records.

Indiana-based Old National Bank, which merged with CapStar Bank last April, filed a lawsuit against Rawlings-Blake, who served as Baltimore’s mayor from 2010 to 2016. The loan, issued on Nov. 8, 2023, was provided to Gulf Coast Technology Corporation, a consulting company with Rawlings-Blake signing as a guarantor.

Rawlings-Blake signed an “unconditional guarantee,” which ensured she would repay the loan if the borrower failed to do so, according to the complaint. Rawlings-Blake is also the president of Buy-MBE, a company that helps local businesses connect with Fortune 500 buyers through a “unified” procurement platform, according to the website.

In a statement to The Baltimore Banner in January, Rawlings-Blake said she personally guaranteed a loan for a small business she believed would thrive, but has faced “significant challenges.”

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“While this matter is being resolved, I remain committed to the work of supporting DEI and empowering minority businesses even in this challenging climate,” she said in a statement. “I will continue to advocate for the values that have always guided me: responsibility, transparency, and service to others.”

Both Buy-MBE and Gulf Coast Technology Corporation received the funds from the loan. A U.S. Small Business Administration Note, a document listed as evidence in the complaint supporting the loan, shows Gulf Coast Technology Corporation agreeing to repay the loan in monthly installments of $28,000 at a 3% prime rate plus interest rate, set to mature in 10 years.