COVID-19 Small Business Relief

There are numerous local and national programs for businesses in need of emergency support, but understanding which options are relevant for your organization can be a challenge. The Maryland Business Relief Wizard is a tool that helps connect businesses with the resources and programming for which they’re eligible, streamlining the process of finding support.

The US Chamber of Commerce has also compiled a Coronavirus Emergency Loans Small Business Guide and Checklist to help small business owners understand the aid available to them through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  

Federal Assistance

US Small Business Administration

In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. See the SBA Coronavirus Pandemic Loans Comparison Guide to better understand the differences between each program.  

Economic Injury Disaster Loan 

EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.

SBA is currently accepting new Economic Injury Disaster Loan (EIDL) applications from all qualified small businesses, including agricultural businesses, and private nonprofit organizations. 

Paycheck Protection Program

The second round of PPP funding is now available. If you have already gotten funding from the first round you can apply again. Expenses used for PPP forgiveness are now tax deductible.

View the Guide to Covid Relief Bill PPP 2.0 prepared by the Maryland Small Business Development Center. 

The SBA is hosting virtual sessions outlining the Small Business Support Programs, including the Paycheck Protection Program (PPP) re-launch, the Economic Injury Disaster Loan (EIDL) Program, the Shuttered Venue Operators Grant, targeted EIDL advance, and debt relief, and fielding questions regarding the programs. Held at 3:00 p.m. EST Tuesdays and Thursdays. Microsoft Teams meetings. E-mail to be e-mailed a link to the meeting.

The City's Office of Economic Development recently hosted a series workshops with our consultant Patrick Shurney to explain the current round of PPP and CARES Act funding. View a recording of the Annapolis CARES ACTion Group Workshop 1 (Passcode: 62ZS%.Xv) and Annapolis CARES ACTion Group Workshop 2 (Passcode: gp8k?0M=). If you have additional questions, you can contact Patrick Shurney at

SBA Debt Relief

As part of SBA’s debt relief efforts,

  • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
  • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

Find more information on traditional SBA lending options.

Internal Revenue Service/Treasury Department

Employee Retention Credit

The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.   

State of Maryland Assistance

Office of the Comptroller

The Maryland Office of the Comptroller has extended filing and payment deadlines for certain Maryland business taxes and quarterly estimated income tax returns and payments that would be due in January, February and March 2021 until April 15, 2021. No interest or penalties will be assessed and there is no need to file a request for extension. 

Businesses and self-employed individuals or independent contractors with estimated income tax returns and payments due on January 15, 2021 also will be granted an extension until April 15, 2021.

The extension applies to business taxes administered by the Comptroller: sales and use, admissions and amusement, alcohol, tobacco, and motor fuel tax, as well as tire recycling fee and bay restoration fee returns and payments with due dates between January 1, 2021 and April 14, 2021. 

For questions contact:  

Maryland Department of Commerce

Maryland Small Business Development Financing Authority - COVID-19 Emergency Relief Loan Fund 

The new MSBDFA Program - COVID-19 Emergency Relief Loan Fund provides emergency financial relief to eligible businesses that have experienced economic hardship due to the ongoing pandemic with low-interest rates and low-documentation loans. Five-year term loans ranging from $25,000 to $200,000 will be available with an interest rate of zero percent for the first 12 months and two percent for the remaining term of the loan.  

Maryland Small Business COVID-19 Emergency Relief Loan and Grant Fund

Additional funding has been allocated to the COVID-19 Emergency Relief Grant Fund and will become available on July 20. Maryland Department of Commerce is not accepting new grant applications and will continue to distribute funds on a first-come, first served basis based on the applications already received.

Check the Status of Your Maryland COVID-19 Loan/Grant

If you have submitted an application for the Maryland Small Business COVID-19 Emergency Relief Loan/Grant you can now check the status of that application by signing up for a Maryland OneStop account. Please be sure to use the same email address that was used in your original application. This does not offer updates on federal loan applications.

Maryland COVID-19 Emergency Relief Manufacturing Fund 

This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment and other items identified as Critical Needs Items by MEMA and DGS, that are urgently needed by the State of Maryland, Maryland-based hospitals and healthcare facilities, and emergency and first responders.