funding for Businesses

Maryland State Programs

Below is a summary of the programs available for small businesses. To find the most updated and complete list, go to the COVID-19 Small Business Survival Guide

Maryland Business Relief Wizard

This is a tool that can help Maryland businesses quickly identify the state and federal relief resources they may be eligible to receive.

This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country.

General Terms and Conditions:

  • Grants of up to $100,000 will be made to manufacturers to Increase existing capacity to produce critical need items

  • Applicants must be an established Maryland business, demonstrate experience, technical expertise and financial stability

  • Eligible costs include but are not limited to capital expenses, raw materials, and operating expenses associated with increased production

  • Eligible applicants must

    • Be located, and plan to manufacture the products in Maryland

    • Be in good standing with the State of Maryland and OSHA and MOSH regulations

    • Demonstrate ability to quickly implement the proposed project in order to meet the urgent needs resulting from the COVID-19 response.

  • provides an alternative to layoffs for employers faced with a temporary, non-cyclical decline in business due to lower economic activity

  • Benefits to Employers

    • Maintain high productivity and quality because the existing trained workforce remains in place

    • When business improves, the employer has an intact work force and has avoided time and expense of rehiring and retraining

    • Keeps productivity and employee morale high because workers avoid the insecurity of a layoff

  • Benefits to Employees

    • Keep their jobs, avoiding emotional and financial hardships resulting from a layoff

    • Not subject to the same conditions as those under regular Unemployment benefits

Federal Programs

Small and midsize employers, with fewer than 500 employees, can begin taking advantage of two new refundable payroll tax credits.

Sick Pay – up to 80 hours full pay for Coronavirus related time off, up to $511 per day, $5,110 in the aggregate, for a total of 10 days

Childcare – up to 10 weeks 2/3rds pay for Coronavirus related time off, up to $200 per day or $10,000 in the aggregate (does not include employees that are teleworking)

Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).

  • SBA Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small business to help overcome the temporary loss of revenue they are experiencing

  • These loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact

    • The interest rate is 3.75% for small businesses

    • The interest rate is 2.75% for non-profits

    • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

Find more information on the SBA’s Economic Injury Disaster Loans at:

UPDATE: As of April 16, SBA is unable to accept new applications for the EIDL assistance program based on available funding. Applicants who have already submitted applications will continue to be processed on a first-come, first-served basis.

SBA Debt Relief

The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

    • The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.

    • The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

Update: As of April 16, SBA is unable to accept new applications for the Paycheck Protection Program based on available funding.

The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll and is 100% forgivable as long as employers keep paying their employees. The goal of this loan is to keep businesses open, employees paid, and business ready to reopen quickly after the coronavirus has subsided. The SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Banks in Mount Airy that are processing PPP loans for their customers are:

New Windsor State Bank, Sandy Spring Bank, Capital One Bank, M&T Bank, PNC Bank, BB&T Bank, Wesbanco, Bank of America, Carroll Community Bank

County Programs

Carroll County

The Carroll County Small Business COVID-19 Emergency Relief Grant Fund was unanimously approved by the Carroll County Board of Commissioners on April 1.

UPDATE: Currently not accepting applications; however additional funding is being considered and may be available early next week (April 20th or soon after) and applications will be accepted again.

Frederick County

Jump Start Grants

The Frederick County Small Business COVID-19 Emergency Relief Grant Fund was unanimously approved by the Carroll County Board of Commissioners on April 1.

Jump Start Business Grants are designed to provide financial assistance to Frederick County for-profit businesses and nonprofit organizations, full-time farmers and Sole Proprietors (with commercial space) that have experienced significant financial loss caused directly or indirectly by the COVID 19 public health emergency. Eligible uses include expenditures related to reimburse for the costs of business interruption caused by the required business closures due to COVID 19. Currently these grants have a total of $5M to be awarded.

Three (3) grants opportunities:

Full-Time Farmer Grants

$6,000 to qualifying full-time farmers. Full-time farmers who have earned the majority of their gross income (51% or greater) from farming over the past 2 years qualify.

Small Business Grants

$10,000 for businesses with physical commercial space and with 10-50 employees, full or part-time. Businesses can be for-profit or nonprofit.

Micro Business Grants

$3,300 for businesses with 1-9 employees, including business owner. Employees can be W-2 or 1099 employees of a for-profit or nonprofit business, including sole proprietors. Micro Businesses must have physical commercial space to qualify.

The deadline to submit an application is 11:59 pm on June 5, 2020. Please note that while financial information will be kept confidential, the names of businesses receiving grants, and the amount they receive, are public information.

For questions regarding the Jump Start grants, please review the instructions and read the Frequently Asked Questions. If you need further assistance, email.

Press Release

Frederick County is asking businesses and nonprofits to complete this survey to assess the needs of the community.

PRIVATE Programs

FedEx #SupportSmall Grants

Our future is connected. Small businesses strengthen the economy and make the world more vibrant; you create jobs, as well as unique products, services and spaces. In these trying times, your communities are depending on you.

Many small businesses are hurting right now. We know you’re putting your all into not just surviving but becoming more creative and resilient than ever. When the dust clears from the current crisis, it’s the fearless innovation and tireless hard work of small businesses that will light our way to a brighter future.

We want to honor that spirit and show some love to small businesses to help you ride out this storm. That’s why we’re committing to providing $1 million in grants for small businesses in the U.S. Whether you’re making the move to selling and shipping online or you’re ramping up your safety and cleanliness measures to keep customers and employees safe, we want to help you keep moving forward.

Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more.

Please come back May 25 to apply.*

Review the CDC information for businesses to prevent the spread by clicking on the link below:

Click below to see the Maryland Business Information Page: