To support Maryland’s small businesses facing continued financial impacts from the novel coronavirus, the state established through bipartisan legislation the new Maryland Small Business COVID-19 RELIEF Grant Program in 2021 with $10 million in state RELIEF Act funding.
The grant offers working capital to assist certain Maryland small businesses with disrupted operations due to COVID-19. Grant assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners. Applications will be accepted starting March 30 at 9 am EST through April 6 at 11:59 pm EST.
Funding is extremely limited and may ultimately result in approval on a first-come, first-served basis. The application process will be open for a limited period, and Commerce anticipates substantial interest in this program. We encourage you to apply as soon as applications become available.
For more information, please visit https://commerce.maryland.gov/fund/small-business-covid-relief-grant-program