- As of April 21, Maryland Commerce is no longer accepting applications for its Emergency Relief Manufacturing Fund. All applications are currently being reviewed.
- As of April 6, Commerce is no longer accepting new applications for its COVID-19 Small Business Relief Grant and Loan Programs. All applications that have been submitted are currently being reviewed in the order received.
- As of August 24, Maryland Commerce is no longer accepting applications for its Emergency Relief Grant Fund for 501(C)(6) Nonprofits.
- Read our COVID-19 Emergency Relief Fund Program FAQs for more information about the second round of funding.
We encourage businesses throughout Maryland to continue exploring other forms of assistance, such as federal and local programs. Visit our frequently updated Maryland Coronavirus (COVID-19) Information for Business page to learn about COVID-19 resources and financial assistance programs. For more information on federal resources, read the Small Business Owner's guide to the CARES Act, or find more details from the U.S. Department of the Treasury.
MSBDFA COVID-19 Emergency Relief Loan Fund
Beginning July 20, 2020, this MSBDFA Fund provides emergency financial relief to businesses that have experienced economic hardship due to the COVID-19 pandemic crisis with low interest rates and low documentation loans to eligible Maryland businesses. Five-year term loans ranging from $25,000 to $200,000 will be available with an interest rate of 0% for the first 12 months and 2% for the remaining term of the loan. Click here for program details and guidelines.
In July, 2020, MEAF received an award of CARES Act Supplemental funds from U.S Economic Development Administration. The objective of the award is to help small businesses “prevent, prepare for, and respond to coronavirus” or respond to “economic injury as a result of coronavirus.” Term loans ranging from $25,000 to $150,000 will be available with an interest rate of 4% and up to 15 years to repay, depending on the project.
Program links (no longer accepting applications):
The following lists contain the names of recipients of our Maryland Small Business COVID-19 Emergency Relief Grant & Loan Funds and our Maryland COVID-19 Emergency Relief Manufacturing Fund as of September 11, 2020.