COVID-19 Portal

You may be eligible for one or more of the following relief programs. Please use the links below for the latest information as the terms may change as the situation continues to unfold. This list is meant to serve as a helpful reference and may not be comprehensive of all programs currently available.


Quick Links: National Resources | California | Maryland | Virginia | Reopening


National Resources

 

  • Baker Tilly | PPP Loan Application Assistance
    • Baker Tilly has launched a new tool to help eligible organizations obtain a PPP loan. The tool is now open and Baker Tilly is providing access free of charge in most situations for its clients and guests.
    • The tool produces all government forms required to apply for a PPP loan, supports calculations on payroll and other expenses, and produces a master report with the applicant’s electronic signature that can be delivered to the underwriting lender, Biz2Credit.
    • Tenants interested in PPP loan application assistance or who have questions about PPP loans should email PPP2@bakertilly.com with their business name, contact name, phone number and preferred email address.  
    • PPP Loan Document Requirement List
  • CARES Act | U.S. Congress
    • Offers small businesses under 500 employees paycheck protection loans, debt relief programs, emergency economic grants, economic injury disaster loans, and small business counseling.
    • The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers including:
      • The Paycheck Protection Program that provides cash-flow assistance through 100 percent federally guaranteed loans to employers who maintain their payroll during this emergency. If employers maintain their payroll, the loans would be forgiven, which would help workers remain employed, as well as help affected small businesses and our economy snap-back quicker after the crisis. PPP has a host of attractive features, such as forgiveness of up to 8 weeks of payroll based on employee retention and salary levels, no SBA fees, and at least six months of deferral with maximum deferrals of up to a year. Small businesses and other eligible entities will be able to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. This program would be retroactive to February 15, 2020, in order to help bring workers who may have already been laid off back onto payrolls. Loans are available through June 30, 2020.
      • As discussed above, the Small Business Debt Relief Program that will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out loans within six months of the President signing the bill into law.
      • Economic Injury Disaster Loans & Emergency Economic Injury Grants that provide an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). To access the advance, you first apply for an EIDL and then request the advance. The advance does not need to be repaid under any circumstance, and may be used to keep employees on payroll, to pay for sick leave, meet increased production costs due to supply chain disruptions, or pay business obligations, including debts, rent and mortgage payments.
      • Counseling & Training such as a local Small Business Development Center (SBDC), Women’s Business Center (WBC), or SCORE mentorship chapter. These resource partners, and the associations that represent them, will receive additional funds to expand their reach and better support small business owners with counseling and up-to-date information regarding COVID-19. There will soon be a joint platform that consolidates information and resources related to COVID-19 in order to provide consistent, timely information to small businesses.
      • In addition, the Minority Business Development Agency’s Business Centers (MBDCs), which cater to minority business enterprises of all sizes, will also receive funding to hire staff and provide programming to help their clients respond to COVID-19.
      • There are a number of ways that Congress has provided relief and protection for the government contracting business. Agencies will be able to modify terms and conditions of a contract and to reimburse contractors at a billing rate of up to 40 hours per week of any paid leave, including sick leave. The contractors eligible are those whose employees or subcontractors cannot perform work on site and cannot telework due to federal facilities closing because of COVID-19.
  • Disaster Loan Program | U.S. Small Business Administration
    • SBA is offering low interest rate loans to small businesses that may be forgivable.
    • SBA provides a number of loan resources for small businesses to utilize when operating their business including:
      • 7(a) program offers loan amounts up to $5,000,000 and is an all-inclusive loan program deployed by lending partners for eligible small businesses within the U.S. States and its territories. The uses of proceeds include: working capital; expansion/renovation; new construction; purchase of land or buildings; purchase of equipment, fixtures; lease-hold improvements; refinancing debt for compelling reasons; seasonal line of credit; inventory; or starting a business.
      • Express loan program provides loans up to $350,000 for no more than 7 years with an option to revolve. There is a turnaround time of 36 hours for approval or denial of a completed application. The uses of proceeds are the same as the standard 7(a) loan.
      • Community Advantage loan pilot program allows mission-based lenders to assist small businesses in underserved markets with a maximum loan size of $250,000. The uses of proceeds are the same as the standard 7(a) loan.
      • 504 loan program is designed to foster economic development and job creation and/or retention. The eligible use of proceeds is limited to the acquisition or eligible refinance of fixed assets.
      • Microloan program involves making loans through nonprofit lending organizations to underserved markets. Authorized use of loan proceeds includes working capital, supplies, machinery & equipment, and fixtures (does not include real estate). The maximum loan amount is $50,000 with the average loan size of $14,000.
  • Employee Retention Credit for Employers Subject to Closure or Economic Hardship
    • Refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis.
    • This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis. Wages of employees who are furloughed or face reduced hours as a result of their employer’s closure or economic hardship are eligible for the credit. For employers with 100 or fewer full-time employees, all employee wages are eligible, regardless of whether an employee is furloughed. The credit is provided for wages and compensation, including health benefits, and is provided for the first $10,000 in wages and compensation paid by the employer to an eligible employee. Wages do not include those taken into account for purposes of the payroll credits for required paid sick leave or required paid family leave, nor for wages taken into account for the employer credit for paid family and medical leave (IRC sec. 45S). The credit is not available to employers receiving assistance through the Paycheck Protection Program. The credit is provided through December 31, 2020.
  • Employer Payroll Taxes
    • Delay of payment of employer payroll taxes.
    • This provision would allow taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022. Payroll taxes that can be deferred include the employer portion of FICA taxes, the employer and employee representative portion of Railroad Retirement taxes (that are attributable to the employer FICA rate), and half of SECA tax liability. Deferral is not provided to employers receiving assistance through the Paycheck Protection Program.
  • Families First Coronavirus Response
    • Allows employers to tax deduct paid sick leave
    • The Act provided paid sick leave and expanded family and medical leave for COVID-19 related reasons and created the refundable paid sick leave credit and the paid child care leave credit for eligible employers.  Eligible employers are businesses and tax-exempt organizations with fewer than 500 employees that are required to provide emergency paid sick leave and emergency paid family and medical leave under the Act.  Eligible employers will be able to claim these credits based on qualifying leave they provide between the effective date and December 31, 2020.  Equivalent credits are available to self-employed individuals based on similar circumstances. For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded paid child care leave when employees’ children’s schools are closed or child care providers are unavailable. Employers receive 100% reimbursement for paid leave pursuant to the Act.
      • Health insurance costs are also included in the credit.
      • Employers face no payroll tax liability.
      • Self-employed individuals receive an equivalent credit.
  • Freedom Financial
    • “The COVID-19 pandemic has created enormous financial difficulty for millions of Americans. At Freedom Financial Network and Freedom Debt Relief, we have worked alongside consumers facing financial hardship for nearly two decades to help them regain their financial footing. Because we are all in this together, Freedom has created this free service to help consumers better understand what options might be available to them to manage through the financial impacts of the pandemic, including: how to request forbearance or deferment from their creditors; information regarding the various government programs that have been created in response to the crisis; and how to address their student loan debt during this period. While we can’t answer every question consumers might have during this unprecedented period, we can provide meaningful assistance to help consumers navigate through the economic uncertainty the pandemic has created.”
  • Fundbox
    • Provides payment processing and small business lending to businesses that have already completed work but are waiting to be paid by clients.
    • Fundbox is working to revolutionize the B2B economy by transforming how funding flows and using technology to unlock growth for driven businesses by accelerating payments and credit with a goal to help these businesses achieve significant success going forward.
  • GoFundMe Small Business Grant
    • The Small Business Relief Initiative was started by GoFundMe to help small businesses that have been affected by the COVID-19 pandemic and empower their communities to rally behind them. GoFundMe has partnered with Yelp, Intuit QuickBooks, GoDaddy, and Bill.com to provide small business owners with the financial support and resources needed to continue running their businesses during and after the coronavirus crisis.
    • As part of the Small Business Relief Initiative, GoFundMe, Intuit QuickBooks, Yelp, GoDaddy, and Bill.com have each donated to the Small Business Relief Fund. GoFundMe.org, the charitable and advocacy arm of GoFundMe, started the Small Business Relief Fund to benefit small businesses. Supporters can donate to the Small Business Relief Fund, which will issue $500 matching grants to qualifying businesses that raise at least $500 on GoFundMe. More partners will be announced in relation to this initiative at a later date.
  • Hello Alice Funding
    • Hello Alice has a dedicated site of public, private, state and national resources at Covid19BusinessCenter.com, including emergency $10,000 grants and a community to help businesses.
  • Intuit Aid Assist
    • Free tool to determine eligibility for the Payroll Protection Program and Economic Injury Disaster Loans. Also calculates loan proceeds and potential loan forgiveness.
    • By partnering with the U.S. government and leveraging our platform capabilities, Intuit launched three new offerings – Intuit Aid Assist, TurboTax Stimulus Registration, and QuickBooks Capital for Paycheck Protection Program – to help consumers and small businesses better understand and potentially access billions of dollars through the recently passed federal aid and relief programs.
      • Intuit Aid Assist is a free website with an interactive tool to help small business owners and the self-employed in the U.S. to assess potential eligibility for financial relief under the CARES Act. The tool assesses eligibility, estimates loan amounts, delivers a personalized recommendation and, for qualified small businesses and other eligible applicants, provides links to help them take the next step of applying for a loan.
      • Intuit QuickBooks Paycheck Protection Program is an easy way for small business owners, self-employed individuals, and other eligible applicants to apply for a Paycheck Protection Program loan. The program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which offers government-backed loans to help you pay employees and cover certain operating expenses.
      • Intuit TurboTax Stimulus Payment Registration is a free product designed to help the more than 10 million Americans not required to file a tax return get their stimulus money fast. Users simply answer a few questions and then choose to receive their payment via direct deposit or check.
  • KIVA Crowd Funding
    • Crowd-funded 0% interest loans of up to $15,000, and access a grace period of up to 6 months for greater.
    • Kiva supports a variety of businesses, including farmers, barbershop owners, event planners and more. Unlike traditional bank loans, Kiva loans don’t require a minimum credit score, years of cash flow documents or collateral. But you do need to meet the following minimum criteria in order to be considered:
      • You and your business must be based in the United States.
      • You must be over 18 years old.
      • You must be using the loan for business purposes.
      • Your business must not be engaged in any of the following activities: multi-level marketing / direct sales; illegal activities (e.g. gambling, scams); or pure financial investing (e.g. stocks)
      • You cannot currently be in foreclosure, bankruptcy, or under any liens.
      • You must be willing to demonstrate your social capital by having a small number of your friends and family make a loan to you.
  • Lawyers for Good Government Foundation
    • Offers free legal consultations
    • On March 27th, Lawyers for Good Government Foundation (L4GG), a non-profit network of more than 125,000 legal advocates with lawyers in all 50 states, announced the launch of its Small Business Remote Legal Clinic, offering pro bono legal consultations for small business owners to help them understand and act upon the options available under the COVID-19 stimulus package and other grant and loan programs that may be available to them. L4GG has put together a growing coalition presently comprised of 34 law firms in 30 cities across the U.S. to help staff the remote legal clinics. Participating firms plan to provide guidance to small business owners regarding funding available through the recently-enacted stimulus bill, assistance in filing for grants and loans available through various federal, state, and local programs, and answers to legal questions in various areas most likely to arise as a result of the circumstances surrounding the COVID pandemic.
  • LISC-Verizon Small Business Recovery Fund | Verizon
    • Up to $10,000 grants. The application period is currently closed but will re-open for additional one-week application periods in the future.
    • Applicants may apply for one business only and must be 18 years of age to apply. For business owners with multiple businesses, please complete this application based on your largest business owned. Each grant is limited to one individual/business. Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission. Priority will be given especially to entrepreneurs of color, women- and veteran-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
  • U.S. Chamber of Commerce | Save Small Business Initiative
    • The Save Small Business Resources Center offers a comprehensive new online resource center with funding programs, resources and guidance for small businesses struggling from the pandemic and waiting for Congress to provide further financial relief.

Regional Resources

 

California

  • California Capital Access Program (CalCAP) (1-500 employees)
    • Provides up to 100% coverage on losses as a result of certain loan defaults. The maximum loan amount is $5 million and the maximum enrolled amount is $2.5 million.  Individual borrowers are limited to a maximum of $2.5 million enrolled over a 3-year period.
    • The California Capital Access Program for Small Business (CalCAP SB or Program) encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. CalCAP is a form of loan portfolio insurance which may provide up to 100% coverage on certain loan defaults. Qualified borrowers meet following criteria:
      • The business is classified as a small business under U.S. Small Business Administration guidelines.
      • Employs fewer than 500 full-time equivalent employees.
      • The business purpose is one of the industries listed in the North American Industry Classification System (NAICS) codes list.
      • The primary business and at least 51% of the employees or its income, sales or payroll comes from business in California
  • California Disaster Relief Loan Guarantee Program – COVID-19
    • Guarantees for loans of up to $50,000 for small business borrowers in declared disaster areas.
    • The State of California is allocating $50 million to the Small Business Finance Center at California’s IBank to mitigate barriers to capital for those small businesses (1-750 employees) that may not qualify for federal funds (including businesses in low-wealth and immigrant communities). The $50 million allocation will be used to recapitalize the IBank Small Business Loan Guarantee Program. Those eligible include small businesses located in California with 1-750 employees that have been negatively impacted or experienced disruption by COVID-19 and eligible nonprofits. The loan can be guaranteed up to 7 years and cover up to 95% of the loan. The interest rates are negotiated between the lender and the borrower.
  • California Small Enterprise Task Force
    • The California Small Enterprise Task Force (CASE Force) is a consortium of legal, financial, and nonprofit professionals working together to connect California small businesses with the resources they need during the COVID-19 pandemic. The task force is focused on collecting local, state, federal, and private/nonprofit resources for California small businesses impacted by COVID-19 and disseminating this information in a digestible way as quickly as possible. In addition, the task force provides small businesses with weekly access to live support from lawyers and financial professionals via virtual office hours.
  • CalOSBA – Small Business Assistance & Resources
    • California’s network of small business centers help businesses figure out which loans are best for them, develop resiliency strategies, and find other resources.
  • California Unemployment Insurance Work Sharing Program
    • Employers who are considering laying off employees due to a slowdown in business from the coronavirus can apply for the UI Work Sharing Program, which partially offsets reduced worker hours and wages with UI benefits. The program allows you to retain trained employees and quickly prepare for when business improves.
  • LA Al Fresco – Outdoor Dining
    • LADOT is supporting LA Al Fresco to provide L.A. restaurants with outdoor dining options to restaurants impacted by COVID-19. Outdoor dining allows restaurants to serve customers while safely practicing physical distancing.
    • Through the L.A. Al Fresco program, eligible restaurants can apply to expand dining areas into parking lanes, driving lanes, and private lots adjacent to restaurants. The City will provide planters, barricades, and umbrellas for outdoor dining businesses to use in newly permitted spaces.
    • In order to support businesses most in need, 55% of all the resources and applications approved for the program will be earmarked for BIPOC (Black, Indigenous, People of Color) businesses or businesses located in areas that have suffered the greatest job loss due to COVID-19.
  • Los Angeles Small Business Microloans
    • $5,000 – $20,000 emergency loans for small businesses.
    • In light of the sweeping impact the COVID-19 pandemic is having on our small business community, the City of Los Angeles has responded swiftly and decisively to support our local, community businesses. The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak. Eligible applicants include for-profit and tax-exempt businesses in the City of LA with 100 or fewer employees that have been negatively impacted by the COVID-19 outbreak and will make their best effort to continue or re-establish their business operations and employees. Businesses must show that historical profits would have been sufficient to service the requested debt and that they have been impacted by the COVID-19 outbreak. Businesses must have a Business Tax Registration Certificate with the City of Los Angeles’ Office of Finance that was filed prior to March 01, 2020. Term is 18 months to 5 years and various options for interest rates including:
      • Option 1:  0% for a term of up to 18 months, with repayment deferred for up to 6 months
      • Option 2:  3% for a term of up to 5 years, with repayment deferred for up to 12 months (for profit businesses)
      • Option 3:  2% for a term of up to 5 years, with repayment deferred for up to 12 months (for tax-exempt businesses)
  • Technology Tools for a Small Business
    • Free or discounted technology tools for a small business including:
      • Productivity Tools (Email, Collaboration, Conferencing, etc.)
      • Internet Access
      • Anti-Malware Resources (at no cost for 6 months)
      • Teleworking tips and additional resources for businesses

 

Maryland

  • Maryland Business Relief Wizard
    • Use the online assessment to determine applicable Federal and State of Maryland resources.
  • Maryland Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act
    • On February 15th, 2021, Governor Lawrence J. Hogan signed the RELIEF Act. The bill’s purpose is to relieve some of the adverse economic effects of the coronavirus pandemic. To that end, the RELIEF Act authorizes economic impact payments to certain Maryland residents, as well as separately providing for adjustments to both individual and business tax filings.
    • The RELIEF Act of 2021 provides over $1 billion in targeted tax relief and economic stimulus for families and small businesses.
  • Maryland Strong: Economic Recovery Initiative
    • New: Announced additional measures Oct. 22
    • Includes additional funding for Main Street direct relief, direct relief for restaurants, tourism, and low-interest loans
  • Montgomery County COVID-19 Resources for Businesses
    • Various relief programs (e.g., Montgomery County Public Health Emergency Grant (PHEG) program, Montgomery County Economic Development Corporation (MCEDC) Local Production Fund, etc.) providing assistance for businesses in Montgomery County.
  • Score
    • Free mentoring to businesses.
    • Members offer free counseling and mentoring to those who wish to start or build existing businesses in the District of Columbia, Montgomery and Prince Georges Counties in Maryland, and in Northern Virginia. Score is operated with a main office in DC and 12 branch offices in the Maryland and Northern Virginia suburbs. SCORE teams provide counseling designed to assist businesses to:
      • Increase the value of a business by growing sales, earnings, and cash flow
      • Identify and solve operating problems
      • Recognize and capitalize on new business opportunities
      • Make needed operational changes and add new systems
      • Develop business plans
      • Find sources and qualify for needed financing
      • Understand the Federal procurement process
  • Small Business Development Centers (SBDC) | Maryland
    • SBDC provides a list of several potential financial resources for small businesses.
  • Unemployment Benefits | Department of Labor
    • One week waiting period and the requirement to conduct a weekly job search suspended for those signing up to receive unemployment insurance benefits.

 

Virginia

  • Loudoun County Board of Supervisors
    • The Loudoun County Board of Supervisors voted to dedicate two funds totaling more than $1 million to support local small businesses impacted by the coronavirus pandemic.
    • Loudoun County voted to create the one-time Business Interruption Fund (BIF) after a proposal by the Loudoun County Department of Economic Development. The action will create grants for up to $10,000 per business to cover day-to-day operating expenses. Those operating expenses include, but are not limited to utilities, insurance, rent or mortgage and payroll. The BIF is limited to small businesses and will focus on those impacted directly by COVID-19, according to county officials. Applicants must have at least three employees and no more than 100 to be eligible for assistance. Applicants must also demonstrate a loss of revenue of 25 percent or more as a direct result of COVID-19, have less than $2.5 million in gross receipts annually, and they must be licensed and operating a business located in Loudoun County.
    • The Board also voted to transfer $150,000 from the Rural Business Incentive Fund to the Economic Development Authority. An EDA fund will assist businesses with two or less employees and that are members of the “Loudoun Made Loudoun Grown” program.
  • Score
    • Free mentoring to businesses
    • Members offer free counseling and mentoring to those who wish to start or build existing businesses in the District of Columbia, Montgomery and Prince Georges Counties in Maryland, and in Northern Virginia. Score is operated with a main office in DC and 12 branch offices in the Maryland and Northern Virginia suburbs. SCORE teams provide counseling designed to assist businesses to:
      • Increase the value of a business by growing sales, earnings, and cash flow
      • Identify and solve operating problems
      • Recognize and capitalize on new business opportunities
      • Make needed operational changes and add new systems
      • Develop business plans
      • Find sources and qualify for needed financing
      • Understand the Federal procurement process
  • Unemployment Benefits | Virginia Employment Commission
    • Virginia suspends both one-week waiting period and proof of job search for those registering for unemployment insurance benefits.
    • As a result of COVID-19, where an employer has temporarily closed, and employees do not have paid leave or will not receive a paycheck, they may file a claim for Unemployment Insurance (UI) benefits with the Virginia Employment Commission (VEC). If VEC approves the claim, such employee will receive a weekly benefit payment that is dependent on their past earnings. The maximum benefit amount is $378 for up to 26 weeks. Individuals who receive unemployment benefits may also be eligible for Federal Pandemic Unemployment Compensation (FPUC), which is a $600 per week supplement payment payable through July 25, 2020.
  • Virginia Small Business Financing Authority (VSBFA) | Financial Assistance
    • The Virginia Small Business Financing Authority (VSBFA) is the Commonwealth of Virginia’s business and economic development financing arm. VSBFA provides businesses and localities with debt financing resources for economic development projects and other small business and entrepreneurial financing needs. VSBFA’s definition of “small business” is $10 million or less in annual revenues over each of the last three years, or a net worth of $2 million or less, or fewer than 250 employees in Virginia, or qualification as a 501(c)(3) nonprofit entity.
  • VA 30 Day Fund
    • Forgivable $3,000 loans for Virginia-based small business of no more than 30 employees.
    • The non-profit Virginia 30 Day Fund provides forgivable loans for Virginia-based small businesses. The forgivable loan is intended to provide immediate financial assistance (within maximum three days) to meet payroll, preserve healthcare coverage for employees and save jobs while they await recently approved federal funding. Virginia businesses that qualify for assistance from the Fund are: small businesses that employ three to 30 people; based in Virginia and have been operating for at least one year; owned and operated by a Virginia resident.

Reopening Resources


Updated 3/1/2021