This COVID-19 Emergency Relief $75M Loan Fund offers working capital to assist Maryland for-profit small businesses disrupted operations due to COVID-19. Loan assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners.
GENERAL TERMS AND CONDITIONS
The business must demonstrate financial stress or disrupted operations, which may include but are not limited to:
APPLY
Before applying to this program, please review these Frequently Asked Questions. Click here to apply.
CONTACT
For more information about this COVID-19 loan fund, please send an email to the Commerce COVID-19 Assistance Team at covid-19.application@maryland.gov.
This COVID-19 Emergency Relief $50M Grant Fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations due to COVID-19. Grant assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners.
GENERAL TERMS AND CONDITIONS
The business or nonprofit must demonstrate financial stress or disrupted operations, which may include but are not limited to:
APPLY
Before applying to this program, please review these Frequently Asked Questions. Click here to apply.
CONTACT
For more information about this COVID-19 grant fund, send an email to the Commerce COVID-19 Team Assistance at covid-19.application@maryland.gov.
Governor Larry Hogan and the Department of Labor (Labor) are excited to announce the new COVID-19 Layoff Aversion Fund, which is designed to support businesses undergoing economic stresses due to the pandemic by preventing or minimizing the duration of unemployment resulting from layoffs. This funding source will be a quick deployable benefit and customizable to the specific needs of your business. Labor is accepting grant applications from small businesses for awards from now through 30 days after the State of Emergency ends (subject to funding availability). Awards will be distributed on a rolling basis.
How can it help you?
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How much money is available to help your business?
How do I know if you are eligible and how do you apply?
Please see our policy guidelines for eligibility requirements and download the application. Submit
a completed application to: LaborCOVID19. Layoffaversion@maryland.gov. Labor staff will process applications within two business days of receipt. Upon approval and receipt of signed contract, payment will be expedited.
For More Information visit the Maryland Business Express website at https://businessexpress.maryland.gov/coronavirus or contact the Division of Workforce Development and Adult Learning at laborCOVID19.layoffaversion@maryland.gov.
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