Small Business Technical Assistance
If you are a business in Baltimore City affected by COVID-19 and need assistance navigating and applying to the various available programs, please fill out our Technical Assistance web form opens a new tab to be contacted by BDC or one of our nonprofit technical assistance partners.
The application period for the second round of the Paycheck Protection Program (PPP) loans is open and applications will be accepted on a first-come, first-served basis until March 31, 2021 (as of now). New borrowers and some existing PPP borrowers can apply.
For more information, please review our PPP fact sheet opens a new tab.
How to Apply
SBA is currently accepting Second Draw PPP loan applications from participating lenders. Check with your bank to inquire if they are doing PPP loans or go here opens a new tab to find a lender.
The Baltimore Development Corporation (BDC) is working directly with these Community Development Financial Institution (CDFI) partners to extend PPP loans to new customers, with an emphasis on sole-proprietors and smaller businesses.
Baltimore Development Corporation (BDC) will award up to $185,000 in total grant funds to businesses for outdoor furniture & fixtures. Grant funds have been made available through the CARES Act and are restricted to outdoor related expenses to be incurred by qualifying grantees. For the purposes of this Grant, a business must be licensed in Baltimore City AND have the ability to utilize outdoor space attached to or adjacent to the business.
The Grant Application Period will begin on April 14, 2021 and end on April 28, 2021 at 11:59PM. Grants WILL BE AWARDED ON A ROLLING BASIS UNTIL ALL FUNDS ARE EXPENDED, therefore businesses that apply earlier in the application period may have a higher chance of being selected for a grant than businesses that apply later.
However, BDC will seek to award grants to businesses located throughout Baltimore City, with an expressed goal of providing grants in neighborhoods with a low concentration of options for outdoor, socially-distanced business activity. In addition, BDC will make best efforts to equitably distribute grants to Minority- and Women-owned businesses that apply for this program.
All applications received during the Grant Application Period will be considered until funding is exhausted. Any applications received after the end date will not be considered. The maximum grant amount is $4,000.
Please review the eligibility requirements and full Terms & Conditions before submitting an application. The application requires Budget Details, a breakdown of your total budget that includes: anticipated items, quantity of items, cost per unit, and any additional anticipated expenses. Please use this worksheet to submit your Budget Details.APPLY HERE
Notification to Applicants
If your application was successfully submitted, you should see a notice on your screen stating that your application was submitted. You will not receive an email confirmation regarding the submission of your grant application.
All applicants will be notified via email regarding the final status of their grant application. Please check your junk or spam folder if you do not see any notification one week after the grant application period has closed. If you have any questions not addressed by the Terms & Conditions document, please email info@BaltimoreDevelopment.com.
Economic Injury Disaster Loans
Maryland businesses are eligible to apply for Economic Injury Disaster Loans through the US Small Business Administration. For more information, visit the SBA website opens a new tab.
Design for Distancing: Reopening Baltimore Together
BDC is partnering with Neighborhood Design Center to develop tactical design concepts for urban public space configurations that can be implemented to create safe, socially distancing patronage of small businesses in our Main Streets and commercial corridors. These design concepts will become part of a free digital Pattern Book with not just the designs, but also additional resources that anyone can use to implement these concepts. For more information about this initiative, please click here opens a new tab.
Maryland Manufacturing Network
Maryland Manufacturing Network is a platform for PPE (Personal Protective Equipment) SUPPLIERS to share their current resources and capabilities and for BUYERS to identify these suppliers and share their current and upcoming needs. If you are either a supplier or someone interested in procuring PPE, please visit this site opens a new tab to register your business or to purchase PPE.
Maryland Small Business Development Center
Maryland SBDC has developed a COVID-19 Business Survival Guide that is updated as new information becomes available. Please click here opens a new tab to view the latest version of this guide.