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Maryland Small Business COVID-19 Emergency Relief Grant Fund

This $50 million Grant Fund offers working capital to provide interim relief for Maryland small businesses and nonprofits whose operations were disrupted due to COVID-19.

Terms and conditions

  • Grants of up to $10,000, which cannot exceed 3 months of operating expenses, for MD businesses and nonprofits with 50 or fewer employees impacted by COVID-19
  • Business or nonprofit must be established prior to March 9, 2020 and in good standing
  • Applicants must have W-2 employees (had payroll taxes withheld)
  • The business or nonprofit’s revenue cannot exceed $5 million
  • The nonprofit or business is expected to seek more long term funding through its bank, SBA, or other source

Eligible uses: Working capital to support payroll expenses, mortgage payments, rent, utility expenses, or other expenses incurred in the ordinary course of operations

  • To qualify, a business or nonprofit must demonstrate disrupted operations or financial stress, including but not limited to:
  • Notice of inability to make payments on loans due to suspended operations or reduced sales
  • Notices from tenants who have closed operations and ceased paying rent due to loss of income
  • Notice of a disrupted supply network causing shortages of critical materials and inventory
  • Other circumstances are considered on a case by case basis

Apply here

This entry was posted on Thursday, May 7th, 2020 at 2:41 pm. Both comments and pings are currently closed.

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