Assisting Maryland Entrepreneurs during Coronavirus

The national response to the rapid spread of the COVID-19 virus has resulted in a flood of information for small business owners on resources that are available to help small business owners respond and survive during these trying times. Information has been developed at both the federal and state level, as well as non-profit organizations such as SCORE. The Southern Maryland chapter of SCORE has compiled a list of resources to help you keep abreast of this rapidly evolving information.

Federal Organizations

The Small Business Administration (SBA) has posted information regarding loan programs and guidance for businesses. A summary of SBA assistance and guidance that covers Economic Injury Disaster Loans (EIDLs), SBA debt relief, express bridge loans, SBA resources, and government contracting can be found at https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources.

Three additional documents that provide valuable information are:

The Internal Revenue Service (IRS) has its own web site to provide the public with information on how the IRS is providing tax relief to business and individuals, which can be found at https://www.irs.gov/coronavirus

The CDC is also providing information on how business owners can keep their businesses and employees healthy:Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) and Cleaning and Disinfection Recommendation

Maryland

The State of Maryland has taken far-reaching and proactive steps to minimize the impact of COVID-19 across our state. A complete description of actions the state has taken, including resources for businesses, can be found at https://govstatus.egov.com/md-coronavirus-business

Maryland business owners will find the following documents to be helpful in understanding how the state of Maryland and the Baltimore District Office of the SBA is providing assistance to Maryland businesses: