SMECO has compiled the following resources to assist local businesses and organizations who are looking for financial assistance. Programs open and close depending on the number of applications and the amount of money disbursed. SMECO cannot certify the availability of funding for any of these programs.
Maryland Restaurant Relief Fund:
Kickstarted by OLD BAY, McCormick for Chefs, and CORECares with a contribution of $100,000, the goal of the Maryland Restaurant Relief Fund is to provide up to $2,500 in grants to as many qualifying recipients as possible to help support the Maryland restaurant industry.
Charles County Government COVID-19 Business Relief Fund:
Eligible businesses can apply for loans up to $5,000 with deferred repayment. For even more assistance, the Economic Development Department’s existing revolving loan programs have also been adapted to address the immediate needs of county businesses. Funds can be used for operating expenses including payroll, suppliers, rent, and other business operating costs.
Charles County Online Sales and Telework Grants:
Businesses in Charles County can apply for grants of up to $5,000 to set up an online sales framework and/or offer employees telework opportunities. The deadline to submit applications is Friday, October 15.
St. Mary’s County Online Sales and Telework Fund:
Businesses with 20 or fewer employees can apply for grants of up to $5,000 to set up online sales and offer telework opportunities for employees. The deadline to apply is September 15, 2021.
U.S. Small Business Administration Coronavirus Relief Options:
SBA Economic Injury Disaster Loan (EIDL) applicants may receive emergency grants of $10,000. Even if your business is denied a loan, you can still access a grant, which can be used to provide employee sick leave, maintain payroll, or meet other needs like paying rent. Check the website for additional programs.
Hello Alice Small Business Grant:
Hello Alice is awarding emergency grants of $10,000 to a limited number of small businesses struggling because of COVID-19. The program is supported by Verizon, Silicon Valley Bank, The eBay Foundation, and others. Business owners must have less than 50 employees and be registered in the U.S.