Small Business Help
Congress recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (click here) and the Families First Coronavirus Response Act (click here). For a description of the programs available under these Acts, click here. While it is written for residents of Hawaii, the assistance applies to all those in the U.S.
Maryland Department of Commerce has launched the Maryland COVID-19 Emergency Relief Fund Programs for Businesses
Maryland Small Business Development Center has an Updated COVID-19 Small Business survival guide
To assist Maryland’s businesses, Maryland Capital Enterprises/Women's Business Center has compiled a resource page that includes information and links to financial assistance during COVID-19.
The Montgomery County Executive and County Council together have set aside $20 million in funding to support small businesses and nonprofits who are struggling to survive the economic impact of COVID-19. For more information on the Montgomery County Public Health Emergency Grant (PHEG) program, click here.
Bank of America- Support for Small Business Clients experiencing hardship from the impact of the COVID-19
Facebook Small Business Grant Program–$100M cash grants and advertising credits for small businesses
APG Chesapeake Grant Fund-APG Chesapeake will grant $500,000 in matched advertising to locally owned businesses during the months of April, May, and June, during the COVID-19 State of Emergency.
The City of Baltimore announced a partnership with Goldman Sachs and Lendistry to provide $10 million in potentially forgivable SBA Paycheck Protection Program loans to help vulnerable Baltimore City small businesses, including non-profit organizations, weather the economic impact of COVID-19.Truist has created a grant program for Small Businesses affected by COVID-19 in Maryland and other areas who have experienced at least 15% reduction in sales. For eligibility and details, click here
Frederick County Government announced the launch of a new grant program to support local small businesses and farmers, this new $5 million Jump Start grant program will provide grants to small businesses, micro businesses and full-time farmers. The program will accept applications from May 28, 2020 through June 5, 2020.