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

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