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EMERGENCY ASSISTANCE FOR MARYLAND BUSINESSES

EMERGENCY ASSISTANCE FOR MARYLAND BUSINESSES

Maryland Governor Larry Hogan and all state agencies are working diligently to minimize the impact of COVID-19 across the state of Maryland. Below we outline some of the programs to provide emergency assistance to Maryland businesses. The programs provide 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 Aversion Fund
    Maryland businesses are eligible for up to $50,000 under this program.
  • Maryland Emergency Relief Loan Fund
    The Emergency Relief Loan Fund offers up to $50,000 loans to Maryland businesses with fewer than 50 employees. The loans are not to exceed three months of cash operating expenses.
  • Maryland Emergency Relief Grant Fund
    The Emergency Relief Grant Fund offers up to $10,000 grants to Maryland businesses with fewer than 50 employees. The grants are not to exceed three months of cash operating expenses.

These programs fill up quickly; however, the state continues to evaluate the circumstances based on the needs of businesses. We will continue to keep you updated as the programs evolve and more programs become available. 

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