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Financial Assistance

State Programs

Local Programs

The state of Maryland and its local governments received nearly $2.4 billion from the Coronavirus Relief Fund established through the CARES Act. Our 24 jurisdictions will receive $1.05 billion in federal funding, either directly or from the state. Part of this allotment can be used for each county to set up a COVID-19 relief program in order to assist businesses negatively impacted by the pandemic.

Federal Programs

Small Business Administration

  • The SBA’s Economic Injury Disaster Loan (EIDL) program is accepting applications from small businesses, private non-profits, and agricultural businesses.
  • SBA allows small businesses with existing loans to defer payments by up to six months to supplement their cash flow during the crisis. Those businesses should reach out to their lenders to talk about this sort of modification.
  • View general SBA guidance for businesses or use this interactive map to find local assistance, including Small Business Development Centers, Women’s Business Centers, SCORE business mentors, and more.

Paycheck Protection Program

The SBA has released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars.

Additional Resources