Below are some resources that could be useful for our small businesses impacted by COVID-19. We will keep this list updated regularly during this ever-changing situation, so check back often.
Paycheck Protection Program by the City of Baltimore, Lendistry, and Goldman Sachs - This program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. These loans can be fully forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
SBA Coronavirus Relief Funds – Includes information on the temporary programs, including the Paycheck Protection Program, EIDL Loan Advance, and SBA Express Bridge Loans, established by the CARES Act to provide relief to small business owners.
Reinvestment Fund PPP Loans - Will provide PPP loans to small businesses that revitalize historically disinvested communities, improve conditions for low-income people, and/or support a more environmentally sustainable future.
Baltimore Together Technical Assistance – The Baltimore Development Corporation (BDC) and the Mayor’s Office of Minority and Women-Owned Businesses (SMWB) have assembled e a technical assistance network that will help small businesses complete applications for appropriate federal, state, and philanthropic financial assistance programs. Baltimore Business Lending is proud to be a member of the network offering technical support.
Loyola Crisis Navigators – Loyola University Maryland’s Center for Innovation & Entrepreneurship has created a volunteer team brought together to advise small business owners during this time of stress and extreme market conditions for small businesses, nonprofits, and startups. Schedule appointments for virtual consultations with trained business experts, who can suggest innovative pivots to your operating model, provide counsel in decision-making, as well as explore additional resources.
SBDC COVID-19 Assistance – Helpful resources for Baltimore small business owners.
Maryland Business Express – A state webpage that provides comprehensive information about employer and worker assistance, financial assistance and taxes, licensing and permitting, enforcement, and other issues.
CDC Resources for Business and Employers – The official federal site offering interim guidance on COVID-19, including cleaning and disinfection recommendations.
U.S. Chamber of Commerce Coronavirus Toolkit - Customizable media assets, graphics, posts, and more. They can be shared on social media, websites, and additional channels to inform your customers and others.