Navigating COVID-19: The Maryland Small Business Guide

***UPDATE*** On April 6th, 2020, the Maryland Department of Commerce stopped accepting new applications for COVID-19 Relief Grant and Loan Programs. Please be advised that all applications that have been submitted are currently being reviewed in the order received. We will update you when applications will be accepted once again.
Maryland has authorized significant resources to loan and grant funding for small businesses (50 or less full/part-time employees) and manufacturers negatively impacted by the coronavirus. This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.
Maryland Small Business COVID-19 Emergency Relief Loan Fund
Maryland Small Business COVID-19 Emergency Relief Grant Fund
Maryland COVID-19 Emergency Relief Manufacturing Fund
Maryland COVID-19 Layoff Aversion Fund
We hope this summary will point you in the right direction. For most of you, this process is only the beginning. But we are committed to providing you with the information and resources you need to make informed decisions for you and the future of your organization. As always, we strongly encourage you to talk to your accountant, financial advisor, insurance agents and legal counsel to decide what’s right for you. We will continue to update this article with new information as it becomes available.
Please do not hesitate to contact us with any questions. Stay safe and healthy!
As we approach 80 years, Ellin & Tucker remains firmly in the room, driven by a legacy of excellence in teamwork, leadership, and service. Our strength has always been in our people, and together, we’ll continue to stand with the next generation of difference-makers and leaders, ready to shape the future.