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Maryland Small Business COVID-19 Emergency Relief Grant Fund

  • For: Small businesses & nonprofits with <50 employees & <$5 million annual revenue
  • Grants: Up to $10,000 (not to exceed 3 mos operating expenses)
  • Eligible uses: Payroll, rent, mortgage, utility, similar expenses

Maryland Small Business COVID-19 Emergency Relief Loan Fund

  • For: Small businesses w/<50 employees
  • Loans: Up to $50,000 (not to exceed 3 mos operating expenses). 0% int. first 12 mos (payment deferred), 2% remaining 36 months.
  • Eligible uses: Payroll, rent, mortgage, utility, similar expenses

COVID-19 Layoff Aversion Fund - Workforce Development & Adult Learning

  • For: Businesses to help prevent/minimize unemployment
  • Grants: Up to $50,000
  • Funds for: Remote access equipment, cleaning & sanitation, training & professional development, involvement in Unemployment Insurance Work Sharing Program

U.S. SBA Disaster Loan Assistance

  • For: Small businesses and private nonprofits suffering substantial economic injury
  • Loans: Capital loans up to $2 million. 3.75% interest for small businesses, 2.75% for qualifying nonprofits.

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