To our small business community,
The Metropolitan Washington Airports Authority, in this critical time, remains steadfast in its mission to promote regional economic development. Now more than ever, we understand the importance of coming together as a community and sharing critical, relevant, and timely information. To that end, we have gathered COVID-19 relief program information and resources that may be helpful for our small business community.
Rebulid VA (Application opens on August 10, 2020)
The program will provide grants of up to three times the applicant’s average monthly eligible expenses up to a maximum award of $10,000. These grants are aimed at assisting small businesses and nonprofits that have faced economic distress as a result of the COVID-19 pandemic.
Small Business COVID-19 Reimbursement Grant Program
The Small Business COVID-19 Reimbursement Grant Program is a $3 million fund established to help Baltimore County’s small businesses harmed by the COVID-19 pandemic.
APG Chesapeake Community Grant Program (Deadline November 2020)
APG Chesapeake has established a $1,500,000 grant fund to assist locally owned businesses during this challenging situation. As a family owned business, we understand what you are going through and have stepped forward to support our community.
Forestry Equipment and Working Capital Loan Fund
Provides financing for Maryland’s forest products-related businesses with respect to working capital and equipment purchases. Maximum loan $150,000. Loans for equipment 3-6 year term, for operating capital term is 1-2 years. https://www.marbidco.org/_pages/programs_loans/loan_programs_fewc.htm
The CARES Act
The CARES Act, the largest economic relief package in our nation’s history, was signed into law on March 27 and includes major provisions U.S. Travel fought for to deliver economic support to travel businesses, travel workers and their families
U.S. Small Business Administration (SBA) Programs
Paycheck Protection Program (PPP) (Deadline: August 8, 2020)
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. (from their website)
Economic Injury Disaster Loan Emergency Advance
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties (from their website)
SBA Express Bridge Loans
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
The National Federation of Independent Business (NFIB)
Side-by-Side graphic detailing the EIDL and PPP programs.