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.
Learn more about the Maryland Restaurant Relief Fund.
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.
Learn more about the Charles County Government COVID-19 Business Relief Fund.
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.
Learn more about the U.S. Small Business Administration Coronavirus Relief Options.
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.
Learn more about the Hello Alice Small Business Grant.