Program Eligibility
Four programs are available for most small businesses in Maryland seeking disaster relief loans and grants. Two programs are provided by the U.S. Small Business Administration, and two programs are provided by the State of Maryland. The U.S. Small Business Administration is offering the Paycheck Protection Program and Economic Injury Disaster Loans, and the State of Maryland is offering the Maryland Small Business COVID-19 Emergency Relief Loan and Maryland Small Business COVID-19 Emergency Grant.
A businesses eligibility depends on what kind of business is applying, as well which program under which the business is applying.
Limited Liability Companies, Corporations and Partnerships

For a business to be eligible for an SBA Paycheck Protection Program grant, the business must have existed on or prior to February 15, 2020 and have fewer than 500 employees. To be eligible for an Economic Injury Disaster Loan, the business must have suffered economic injury as a result of the COVID-19 disaster, the business existed on or prior to February 15, 2020 and the business must have fewer than 500 employees.
To be eligible for a Maryland Small Business COVID-19 Emergency Relief Loan, the business must be established in Maryland prior to March 9, 2020 and in good standing, the business must have employees on their payroll for whom they have had paid payroll taxes withheld, the business owner must have a minimum personal credit score of 575, and the business must have fewer than 50 employees.
To be eligible for a Maryland Small Business COVID-19 Emergency Grant, the business must have been established in Maryland prior to March 9, 2020 and in good standing, the business must have employees on its payroll for whom they have had payroll taxes withheld, the business must have annual revenue of $5 million or less, and the business is expected to seek longer term funding through its bank, SBA, or other source.
Non-Profits
For a non-profit to be eligible for an SBA Paycheck Protection Program grant, the sole proprietorship must have existed on or prior to February 15, 2020. To be eligible for an Economic Injury Disaster Loan, the non-profit must have suffered economic injury as a result of the COVID-19 disaster, and the non-profit must have existed on or prior to February 15, 2020.
Non-profits are not eligible for a Maryland Small Business COVID-19 Emergency Relief Loan.
For a non-profit to be eligible for a Maryland Small Business COVID-19 Emergency Grant, the non-profit must have been established in Maryland prior to March 9, 2020 and in good standing, the non-profit must have employees on its payroll for whom they have had payroll taxes withheld, the non-profit must have annual revenue of $5 million or less, and the non-profit is expected to seek longer term funding through its bank, SBA, or other source.

Sole Proprietorships

Sole proprietorships and independent contractors are eligible for the SBA Paycheck Protection Program, provided that the business existed on or prior to February 15, 2020 and can demonstrate that it suffered economic injury as the result of COVID-19. For a sole proprietorship or independent contractor to be eligible for an Economic Injury Disaster Loan, the business must have suffered economic injury as a result of the COVID-19 disaster and must have existed on or prior to February 15, 2020. Sole proprietorships and independent contractors do not qualify for the Maryland Small Business COVID-19 Emergency Relief Loan or Maryland Small Business COVID-19 Emergency Relief Grant programs.
Talk To An Attorney

Steiner Law Group is a boutique law firm that assists Maryland families and businesses with disaster loan assistance, bankruptcy, and commercial litigation legal services.
We help individuals and business owners who wish to manage their debt more effectively.
Visit us at steinerlawgroup.com
Please call us at at (410) 670-7060 or contact us at [email protected]
Frequently Asked Questions
U.S. Small Business Administration Economic Disaster Loan Program
U.S. Small Business Administration Paycheck Protection Program
Maryland Small Business COVID-19 Emergency Relief Loan
Maryland Small Business COVID-19 Emergency Grant
Each program has its own requirements, but at least one of these programs are for businesses with under 500 or 50 employees, for-profit LLCs, Corporations and Partnerships, non-profit businesses and sole proprietorships.
For both the SBA and State of Maryland programs, evidence of economic injury as a result of the COVID-19 disaster must be provided. The SBA also requires its own application, most recent tax return, schedule of liabilities, IRS Form 4506T for each person owning 20% of more of the business, each general partner or managing member; and, for any owner who has greater than 50 percent ownership in an affiliate business, current year-to-date profit & loss statement, and other documentations. Maryland requires its own application, Financial Statements and W-9 form.
Deciding which program under which to apply is an important business decision, and an attorney can help a small business owner navigate the different options. An attorney can also help ensure that the correct documentation is provided to be quickly approved for the program of your choice, and an attorney can stay on top of the application and approval process so you can focus on your business.
Have more questions? "Please call us at at (410) 670-7060 or contact us at [email protected].