United States Small Business Administration (SBA)
Disaster Loan Programs
Economic Injury Disaster Loan Program
This program provides targeted, low-interest loans to small businesses and nonprofits that have been severely impacted by the Coronavirus (COVID-19). The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
SBA Express Bridge Loans
This program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan.
United States Department of Labor
Guidelines on Preparing Workplaces for COVID-19
Occupational Safety and Health Administration (OSHA)
Information for Employers and Employees
Fair Labor Standards Act and Job-Protected Leave Under the Family and Medical Leave Act
Maryland Department of Commerce
Small Business Resources
Maryland Small Business COVID-19 Emergency Relief Loan Fund
This $75 million loan fund offers no interest or principal payments due for the first 12 months, then converts to a 36-month term loan of principal and interest payments, with an interest rate at 2%
Maryland Small Business COVID-19 Emergency Relief Grant Fund
This $50 million grant program offers grant amounts up to $10,000, not to exceed 3 months of demonstrated cash operating expenses for the first quarter of 2020.
Maryland COVID-19 Emergency Relief Manufacturing Fund
This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country.
Maryland Department of Labor
COVID-19 Layoff Aversion Fund
In an effort to help businesses keep employees on the payroll as social distancing and teleworking is implemented, the Maryland Department of Labor has created a COVID-19 Layoff Aversion Fund of up to $50,000 per applicant. That funding can be used to cover the costs of purchasing remote access equipment and software, sanitation services to enable small businesses to keep employees at work on site, liability insurance for restaurants that convert to delivery, and more. http://www.labor.maryland.gov/employment/covidlafund.shtml
Maryland Business Express
Guidance and an FAQs
Baltimore Development Corporation (BDC)
Business Assessment Survey
BDC has developed a quick survey (5 minutes total) to help them focus their efforts on providing support during Coronavirus.
Baltimore Together Resources
BDC has published a website, Baltimore Together, which aggregates resources available to small businesses, along with a database of restaurants open for takeout and delivery
Downtown Partnership Business Resources
Entrepreneurs of Color Fun Loans ($5K-$250K)
Kiva Baltimore Loan (up to $10K & expanded for Coronavirus)
The VOLT Fund Loans ($25K-$500K)