Maryland Small Business COVID-19 Emergency Relief Loan Fund

  • What the Fund Offers:
    • Loans up to $50,000 (not to exceed three months of cash operating expenses)
    • No principal payments due for the first 12 months
    • 0% for the first 12 months, and 2% interest for the remaining 36 months
    • No collateral requirements
  • General Conditions for Entitlement:
    • Business has fewer than 50 employees
    • Impacted by the COVID-19
    • Established prior to March 9, 2020
    • In good standing
    • Minimum personal credit score of 575
  • Eligible Use of Funds:
    • Working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of operations
  • To Apply: Maryland Small Business COVID-19 Emergency Relief Loan Fund

For more information, contact:

Ramsay M. Whitworth rwhitworth@silvermanthompson.com
Mark Edelson medelson@silvermanthompson.com
Steve Leitess sleitess@silvermanthompson.com
Ilona Shparaga ishparaga@silvermanthompson.com
Michael J. Levin mlevin@silvermanthompson.com

We Accept Online Payments