- Additional funding has been allocated to the COVID-19 Emergency Relief Grant Fund and will become available on July 20. We are not accepting new applications and will continue to distribute funds for our loan and grant programs on a first-come, first-served basis based on the applications already received. Please visit our FAQs for more information on disbursement. Applications for our Emergency Manufacturing Fund are also being reviewed at this time.
- If you have questions or concerns about these funds, please email firstname.lastname@example.org.
- The Maryland Heritage Areas Authority (MHAA) requests that heritage tourism nonprofits apply for emergency operating matching grants of up to $20,000.
- The Maryland Agricultural Resource-Based Industry Development Corporation (MARBIDCO) launched the Pandemic Adjustment Loan Fund Program to help Maryland's food and fiber producers, harvesters, and primary processors adjust to business disruptions.
- The Maryland Nonprofit Recovery Initiative helps address revenue reductions and expense increases for nonprofits impacted by COVID-19.
Paycheck Protection Program
- The Paycheck Protection Program (PPP) provides loan guarantees to small businesses to assist with payroll costs for workers who are forced to stay home. Loans will be available for firms that meet SBA small business size standards, self-employed, sole proprietors, independent contractors (i.e., workers in the “gig” economy), and certain nonprofits including 501(c)(3)s, 501(c)(19)s, and tribal business concerns with fewer than 500 employees.
- This program guarantees loans issued by banks and other lenders to small businesses. Consult with your existing lender first to see if they are participating in the program or find a participating lender.
- SBA has provided a loan forgiveness application and FAQ, and additional background on the program.
- New modifications are being implemented to PPP, including extending the covered period for loan forgiveness and lowering the requirements of a borrower's loan proceeds. June 30 remains the last day a PPP loan application can be approved.
Small Business Administration
- The SBA’s Economic Injury Disaster Loan (EIDL) program is accepting applications from agricultural businesses, including those in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries.
- 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.
- The CARES Act - Passed by Congress and signed into law on March 27, 2020. Read an overview and a Q&A from the U.S. Senate Committee on Small Business and Entrepreneurship. View more information from the U.S. Department of the Treasury or an eligibility guide for businesses.
- Community Development Block Grant - The CARES Act includes support for economic development agencies and programs, including CDBG, assistance to minority business development centers and minority chambers of commerce, several million for state arts and humanities agencies and partners, and more, to assist businesses in need.
- Employee Retention Credit - The CARES Act establishes this refundable, 50% payroll tax credit covering up to $10,000 paid per employee, including benefits from the period of March 13, 2020 to December 31, 2020. Read more, and view additional IRS guidance on Coronavirus tax relief.
- Independent Lenders - Maryland banks, credit unions, and financial service providers are operating under precautionary measures, with increased focus on mobile, phone, and online services. If you anticipate having trouble making a loan payment, please notify your lender or loan servicing company as soon as possible to discuss your options. Early and regular communication is important. Visit the Maryland Bankers Association or view a list of credit unions operating in Maryland and their contact information.
- Maryland Manufacturing Network - Offers a central location where buyers, such as health care systems, local emergency management agencies, and essential companies, can identify which suppliers have PPE, health care equipment, and other essential items.
- Neighborhood BusinessWorks - Provides flexible financing to small businesses and non-profit organizations in sustainable communities and priority funding areas
- Small, Minority and Women-Owned Business Account - The state’s Video Lottery Terminal (VLT) Fund uses proceeds from slots to assist small, minority, and women-owned businesses located in targeted areas surrounding six Maryland casinos.
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.
- Anne Arundel County - Small Business Customer & Employee Protection Grant
- Baltimore City - Small Business Rebate Program
- Baltimore County - Small Business Emergency Relief Grants Program
- Carroll County - Carroll Rebound
- Caroline County - Emergency Grant Funding for Small Businesses
- Cecil County - Cecil Cares Small Business Grant; Cecil Catalyst COVID-19 Loans
- Charles County - COVID-19 Business Loans | Grants
- Frederick County - Jump Start Business Grants
- Garrett County - Kick Start Grant Program
- Harford County - COVID -19 Business Relief Grants
- Howard County - Business Support and Relief
- Kent County - COVID Modification Reimbursement Grant
- Prince George’s County - Hourly Employee Relief Fund
- Queen Anne’s County - Small Business Assistance and Recovery Fund
- St. Mary’s County - COVID-19 Small Business and Non-Profit Relief Fund
- Talbot County - COVID-19 Small Business Grant Program
- Washington County - Rise Up Washington County Business Stabilization Grant; Together We Serve Grant Program
- Wicomico County - CV-19 Relief Grant Fund Application