Resource Guides

Local Resources for Businesses Affected by COVID

Updated On:
March 31, 2020
Helping your Small Business Navigate COVID

We are living in highly uncertain times. The spreading COVID-19 virus has halted public life, crashed global markets, and has had a serious effect on local small businesses. Suddenly, Baltimore's restaurants, event agencies, talent booking, catering services, photographers, and all other businesses that rely on in-person interactions have seen their demand and customers evaporate.

As a community, it is our job to support these local businesses. To do our small part, EcoMap Baltimore has put together a guide of local resources (mostly funding sources) that can help your small business through this time.

There are more resources listed at the bottom of this page, both for Baltimore-based businesses and state/regional/national resources. For local businesses looking to increase their sales, here is a guide to setting up online gift cards, a virtual swag store, and an ecommerce platform.

If you are a local restaurant or small business, put yourself on the Centralized Baltimore Business Database. For an interactive database of all funding opportunities, resources, and support for small business in Baltimore, go to our COVID Business Resource Dashboard

Finding Funding

When customer demand decreases, it is important that your business can access the capital that it needs to continue operating as normal. Here are some local sources of small business financing that can help your business weather the storm.

Note that these resources are not emergency funding sources, rather general sources of loans and bridge financing in the city. We will update this list if any organizations announce emergency funding sources.  

UPDATE: The SBA has announced Disaster Loan Assistance for SMBs. As of March 19th, MD businesses now qualify for the disaster loan program. The SBA also put out this guide for businesses during COVID.

MARCH 23rd UPDATE: Maryland has issued $130 million in loan and grant funding for small businesses and manufactures. This emergency assistance provides interim relief and proceeds that can be used to pay cash operating expenses including payroll, suppliers, rent, fixed debt payments and other mission critical cash operating costs.

If you are a Maryland-based business impacted by COVID with under 50 full- and part-time employees, or a Maryland manufacturer, check out the first three programs below to see if you qualify for assistance.

To explore all sources of funding in Baltimore, filterable by stage of business and the type of funding, go to our Funding Portal. For an interactive database of all funding opportunities, resources, and support for small business in Baltimore, go to our COVID Business Resource Dashboard

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Funding
Maryland COVID-19 Emergency Relief Manufacturing Fund
This $5 million incentive program helps Maryland manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country.
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Funding
Baltimore Business Lending (BBL)
Baltimore Business Lending, LLC, a wholly owned subsidiary of Baltimore Community Lending, Inc. , is a new small business lending program designed to provide capital to emerging and growing small busin
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Funding
Entrepreneurs of Color Fund
Minority entrepreneurs in DC, Maryland and Virginia suburbs, and Baltimore City can get access to loans ranging from $5,000 - $250,000
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Funding
Harbor Bank Business Loans
The Harbor Bank offers business checking, savings, time deposits, credit cards, debit card, commercial real estate, personal, home improvement, automobile, and other installment and term loans.
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Funding
Kiva Baltimore
Kiva was launched in 2005 as the world's first person-to-person microlending website. A nonprofit organization, Kiva underwrites zero-percent-interest, zero-fee business loans of up to $10,000, and fa
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Funding
LEDC Startup Loan
Up to $20k for startups with less than two years in operations, seeking capital to launch or consolidate their venture.
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Funding
LEDC Growth Loan
Up to $250K for Established Small Businesses with at least two years in operations, seeking capital to grow/expand operation.
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Funding
LEDC SEED Loan
Up to $5k for startups with less than one year in operations, or with plans to launch a company within 3 months of receiving funds.
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Funding
Maryland Capital Enterprises - Micro and Business Loans
MCE offers three loan products to assist clients in starting or growing their own business.
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Funding
Military Personnel and Veteran-owned Small Business Loan Program (MPVSBLP)
MPVSBLP provides no interest loans of up to $50,000, from one to eight years, for businesses owned by military reservists, veterans, National Guard personnel and for small businesses that employ or ar
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Funding
Microenterprise Loan Program
The Maryland Microenterprise Loan Program expands opportunities for microenterprise development, creates new opportunities for small business development and sustains local economies in Maryland commu
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Funding
Neighborhood BusinessWorks
Neighborhood BusinessWorks loan program provides flexible financing to new or expanding small businesses and nonprofit organizations
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Funding
Program for Investors in Microentrepreneurs (PRIME)
This grant will provide funding for private, nonprofit microenterprise development organizations; microenterprise development programs run by State/Local/Tribal Governments; or Indian tribes intereste
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Funding
The Volt Fund
Small and minority, women and veteran owned businesses in Maryland may be eligible for loan through the VOLT Fund. Loans are between $25,000 to $500,000 for purposes such as business and commercial re
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Funding
Black Futures Micro-Grant
The BLACK FUTURES MICRO-GRANT is a no-strings-attached micro-grant for changemakers serving Greater Baltimore. Each month community members will vote on which organization or individual receives the a
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Connect With Local Organizations

Baltimore has a variety of organizations that are dedicated to supporting small, local businesses. Here are a list of the local organizations that are focused on the health and development of the small business community. They will be able to provide advice, resources, and connections that can help your business through the COVID downturn.

To view all local Organizations, go here.

Other
Made in Baltimore
Made In Baltimore is a branding program for locally made products. We aim to spur re-investment in Baltimore City by growing the market for locally-produced goods and supporting the people who make them. We support local makers and manufacturers thro...
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Incubator
Latino Economic Development Center (LEDC)
The Latino Economic Development Center (LEDC) equips Latinos and other underserved Greater D.C. and Baltimore area residents with the skills and financial tools to create a better future for their families and communities. Participants in our program...
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Funding,Coworking,Incubator
Baltimore Development Corporation (BDC)
The Baltimore Development Corporation (BDC) is a non-profit organization, which serves as the economic development agency for the City of Baltimore. Our mission is to retain and expand existing businesses, support cultural resources, and attract new ...
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Mentorship
Small Business Resource Center (SBRC)
The City of Baltimore Small Business Resource Center's mission is to enhance economic growth through business development and innovation. Existing and prospective businesses are assisted through individual assessment, consulting, group training, semi...
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Funding
Baltimore Business Lending
Since 1989, Baltimore Community Lending, Inc. has been supporting the revitalization and strengthening of underserved Baltimore neighborhoods through innovative and flexible financing designed to promote community development. BCL has successfully p...
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Funding
Baltimore Community Lending (BCL)
The Baltimore Community Development Financing Corporation was created as a financing intermediary in 1989 to promote the revitalization of neighborhoods within Baltimore City. The entity was federally certified as a nonprofit community development fi...
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Funding,Other
Baltimore Corps
Baltimore Corps connects talent to opportunity in one of America’s greatest cities. We do this by organizing and running a number of programs in Baltimore. Through the Baltimore Corps Fellowship, we recruit highly talented, mission-driven professiona...
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Accelerator
Baltimore Creatives Acceleration Network (BCAN)
BCAN is a brand new city-wide initiative that provides strategic + holistic entrepreneurship support for Baltimore creatives of all disciplines and backgrounds. Working with partners in Baltimore and beyond, our programs will offer business, marke...
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Events,Other
Baltimore Entrepreneur Support Organization (ESO)
The ESO (Entrepreneur Support Organization) is a Baltimore-based coalition of programs, spaces, and resources catering to entrepreneurs, startups, and small businesses. The goal of the ESO is to make entrepreneurial resources more accessible through...
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Funding
Cllctivly
We are creating an ecosystem to foster collaboration, increase social impact and amplify the voices of Black-led organizations in Greater Baltimore. Our mission is to end the fragmentation and duplication of programs, to learn from and about each ot...
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Incubator,Other
Economic Alliance of Greater Baltimore (EAGB)
The Economic Alliance of Greater Baltimore (EAGB) is a not-for-profit economic development organization led by a partnership of regional business executives, elected government officials, and leaders from higher education. As we focus on fostering bu...
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Incubator
Fells Point Culinary Incubator
An incubator that helps create your future through food & beverage through brand incubation, routes to market, intellectual & financial capital ...
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Incubator
Impact Hub Baltimore
Impact Hub is more than a coworking space. We bring together a community of entrepreneurs, activists, creatives, and professionals to take collaborative action and drive positive change in Baltimore and beyond. Part innovation lab, part coworking spa...
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Mentorship
Innovation Works
The mission of Innovation Works (IW) is to reduce Baltimore’s neighborhood and racial wealth divide by teaching and accompanying members of disinvested communities to build and own successful social enterprises that create sustainable neighborhood ec...
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Funding,Mentorship
SBA Baltimore District Office
The Baltimore District Office is responsible for the delivery of SBA's programs and services to existing and prospective entrepreneurs in Baltimore City and all Maryland Counties, with the exception of Montgomery and Prince George's. Residents of Mon...
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Raise Awareness of Your Business

Now is the time to showcase everything you have built. Baltimore is ready to rally around its small businesses, so let everyone know what you are building. While exposure cannot totally solve the challenges facing your small business, you never know what connections it will uncover.

If you are a local restaurant or small business, put yourself on the Centralized Baltimore Business Database. If you have data sources to contribute to this guide, email us at Baltimore@ecomap.tech

If you make an EcoMap Baltimore profile, you can post your venture on the EcoMap Baltimore Community Databases. We will feature all businesses on the Community Database on our social media over the next few weeks to raise awareness. To have your business highlighted more in-depth, fill out this form. (See a sample Venture Feature here)

For product-based businesses, register your business on Made in Baltimore

Additional & Non-Baltimore Resources

For a running list of all Baltimore business-support initiatives, check out this blog post: How Baltimore's Entrepreneurial Community is Responding to COVID

Local Resources

Surveys to Help Organizations Understand the Impact on your Business

National Resources

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