COVID-19 EMERGENCY RELIEF PROGRAMS OVERVIEW

WHAT IS IT?

The Economic Injury Disaster Loan and Advance is an SBA program designed to provide small businesses who are experiencing temporary loss of revenue with economic relief in the form of a Loan up to and/or an Advance of up to $10,000.

WHO IS ELIGIBLE?

• Small business and private, non-profit organizations that meet the SBA’s size standards

WHAT ARE THE TERMS?

• Loan portion – Interest rates for small businesses is 3.75% and 2.75% for non-profits
• Repayment of up to 30 years with terms determined on a case by case basis, based on the ability of each borrower to repay

ADVANCE

• Up to $10,000
• Will be deducted from the loan forgiveness amount on the PPP Forgiveness

WHAT IS IT?

The SBA Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

These loans can be a term loan or used to bridge the gap while applying for a direct SBA EIDL Loan.

WHAT ARE THE TERMS

• Up to $25,000
• Fast turnaround
• Repaid in full or in in part by proceeds from the EIDL Loan

WHAT IS IT?

As part of the coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020. This relief is not available for PPP loans or EIDL loans. Borrowers do not need to apply for assistance, it will automatically be provided as follows:

• For loans not inn deferment, SBA will begin making payments with the next payment due on loans and will make six monthly payments
• For loans currently on deferment SBA will begin making payments with the next payment due after the deferment period has ended, and will make six monthly payments
• For loans made after March 27, 2020 and fully disbursed prior to Sept 27, 2020, SBA will begin making payments with the first payment due on the loan and will make six monthly payments

WHAT IS IT?

For current SBA Serviced Disaster (Home and Business) Loans: If your disaster loan was in “regular” servicing” status on March 1, 2020, the SBA is providing automatic deferments through December 31, 2020.

The State of Maryland initiated the Emergency Relief Manufacturing Fund to incentivize Maryland manufacturers to produce personal protective equipment – PPE and other items deemed as ‘critical
needs items’ by MEMA and DGS that were urgently needed by the State, Maryland-based hospitals and healthcare facilities, and emergency first responders. As of 5pm on April 21, new applications for
this program are no longer being accepted.

The Emergency Relief Loan was initiated by the State of Maryland to provide working capital to assist Maryland for-profit small businesses. Loans up to $50,000 were open to MSB impacted by COVID-19 with 50 or fewer employees. 0% for the first year and 2% for the remaining 36 months, 12 month
payment deferral and straight amortization from month 13 – 36 were some of the general terms. As of 5pm on April 6, new applications for this program are no longer being accepted.

Emergency Relief Grant was initiated by the State of Maryland to provide working capital to Maryland businesses and nonprofits whose operations were disrupted due to COVID-19. Grants up to $10,000 for businesses and nonprofits of 50 employees or less and in good standing were just the top few conditions to be met. As of 5pm on April 6, new applications for this program are no longer being accepted.

WHAT IS IT?

Baltimore County Department of Economic and Workforce Development will administer the Small Business Emergency Relief Grants Program to for-profit small businesses in Baltimore County.

WHO IS ELIGIBLE?

• For-Profit businesses with at least two non-owner employees
• May NOT have obtained other forms of federal or state COVID-19 assistance at the time of
  application
• Must demonstrate at least a 40% loss of revenue since the beginning of the Maryland shutdown
• Employ no more than 25 employees per Baltimore County establishment
• In operation for at least 1 year as of Jan 1, 2020
• Not currently in default on any loans from Baltimore county or delinquent on any county taxes owed

WHAT ARE THE TERMS?

• Grants of up to $15,000
• Goal of 25% to women and minority owned businesses
• Priority to businesses that have been unable to operate or are operating at a significantly reduced capacity
• Funds may only be used for payroll, operating expenses, business lease or rent payments, and inventory acquisition vital to the business
• At least 30% must be used to support payroll for employees who are not owners or part owners
• Funds may NOT be used for capital improvements or personal expenses
• If the business fails to reopen, the entire grant shall be returned to the County within 14 days

WHAT IS IT?

Baltimore City and the Baltimore Development Corporation will award up to $3.5 million in total grant funds to eligible city business and a portion of these funds will be awarded to businesses that are NOT eligible for SBA loans like the EIDL or PPP. The Grant application period began May 4, 2020 and ended May 15, 2020. Grants will NOT be awarded on a first come first served basis.

WHO IS ELIGIBLE?

• Businesses located in Baltimore City
• Business may not be a franchise of a business with locations outside of Maryland
• Large Regional and National chains are not eligible
• Annual Gross Revenue of the business may not exceed
  o 750,000.00 OR
  o $1.5M for businesses that operate as a Restaurant, Carry out or Tavern
• Businesses must operate under one of the following categories as defined in the Section 10-301 of Article 32 of the Baltimore City Zoning Code
  o Art Gallery and Art Studios
  o Body Art Establishment
  o Restaurant, Carry Out Food Shop, and Tavern
  o Entertainment: Indoor and/or Live
  o Greenhouse or Nursery
  o Health and Fitness Center
  o Lounge
  o Personal Services Establishment (i.e. Hair Salon/barbershop, nail salon, etc.)
  o Recreation: Indoor
  o Retail Goods Establishment (No alcoholic beverage sales)
• Non-Profit businesses provided they generate earned revenue and meet all of the requirements listed above
• Businesses with owners that do not have a SSN or ITIN are eligible. BDC will not require the submission of the SSN or the ITIN in the application, except insofar as that information is
  included in the tax returns for the businesses
• Businesses with multiple locations in the city are eligible, but each location must meet all the grant requirements
  o Maximum grant for business with multiple locations is $15,000 for one location, plus
  $2,500 for each additional qualifying location

WHAT ARE THE TERMS?

• Maximum Grant Award is $15,000.00

At least 75% of the total grant funds will be awarded to businesses that are located in the following: current and former Baltimore City Main Streets; current and former Baltimore City Retail Business
District License (RBDL) areas; designated Arts & Entertainment Districts; areas within a 2-block radius of Baltimore City Public Markets.

Additional BALTIMORE COVID-19 Relief Grants can be found on the GBCA website with links to financial resources applicable to Baltimore Artists and Baltimore Arts Organizations as well as small businesses in general.

WHAT IS IT?

President Trump is providing support to healthcare providers fighting the COVID-19 pandemic through the bipartisan CARES Act and the Paycheck Protection Program and Health Care Enhancement Act that provide $175 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response. This funding supports healthcare-related expenses or lost revenue attributable to COVID-19 and ensures uninsured Americans can get testing and treatment for COVID-19.

Through the Public health and Human Services Emergency Fund, $50 billion of the Provider Relief Fund is allocated for general distribution to Medicare facilities and providers impacted by COVID-19,
based on eligible providers' net patient revenue. The remaining $50 billion is allocated to providers in areas particularly impacted by the COVID-19 outbreak, rural providers, and providers who serve low-income populations and uninsured Americans.

WHO IS ELIGIBLE?

• Healthcare providers, whether an individual or an entity that billed Medicare in 2019 and provides or provided after January 31, 2020 diagnosis, testing, or care for individuals with possible or actual cases of COVID-19
• Healthcare providers, whether an individual or an entity that is not currently terminated from
  participation in Medicare or precluded from receiving payment through Medicare Advantage or Part D
• Healthcare providers, whether an individual or an entity that is not currently excluded form participation in Medicare, Medicaid, and other Federal health care programs
• Healthcare providers, whether an individual or an entity that do not currently have Medicare billing privileges revoked

WHAT ARE THE TERMS

• Recipients must certify that any payments received from the Public Health and Human Services Emergency Fund will only be used to prevent, prepare for, and respond to
  Coronavirus, and that the Payment shall reimburse the Recipient only for health care related expenses to lost revenue that are attributable to Coronavirus

• Recipients must certify that it will not use funds to reimburse expenses or losses that have
  been reimbursed from other sources or that other sources are obligated to reimburse

• Recipients shall submit reports as the Secretary of HHS determines are needed to ensure
  compliance with conditions imposed on the payment, in form and content specified by the Sec
  of HHS

• Recipients consent to the Dept of HHS publicly disclosing payment received from the Relief
  Fund

• Recipients must certify that all information provided as part of its application and reports are
  true, accurate and complete to the best of its knowledge

• Recipients receiving more than $150,000 total in funds under the CARES, CPRSA, FFCRA, or any
  other Act primarily making appropriations for the Coronavirus response and related activities
  shall submit a report no later than 10 days after the end of each calendar quarter

• Recipients shall maintain appropriate records and cost documentation

WHAT IS IT?

The COVID-19 Response Funding Collaborative of Greater Baltimore (CRFCGB) is a group of funders in
the Greater Baltimore areas working together to streamline the application process for non-profit organizations seeking resources to support changes in operations and sustainability due to the virus. Baltimore’s Promise, a non-profit collective impact organization, is supporting the effort as the administrative backbone and primary point of contact for applicants. Organizations must apply with
proposals that meet the Collaborative’s list of funding priorities which address issues such as:

• Access to food
• Access to other home essentials (such as toiletries, diapers, cleaning supplies, non-prescription medications)
• Mental health and community coping
• Support for first responders and health care workers
• Information sharing
• Non-profit sustainability
• Technology needs
• Access to temporary housing

WHO IS ELIGIBLE?

• Non-Profit organizations in the Greater Baltimore Area located in and/or serving one or more of the following jurisdictions
  o Baltimore City
  o Baltimore County
  o Anne Arundel County
  o Carroll County
  o Harford County

WHAT ARE THE TERMS?

• Eligible applicants must provide the following:
  o Financial documents within the last two years
  

   For organizations with annual revenues of $750,000 or more – Financial audit
  of your organization prepared by an independent auditor
   For organizations with annual revenues between $300,000 and $749,000 –
  Financial statement reviewed by an independent auditor OR a financial audit
  of prepared by an independent auditor
   For organizations with annual revenues under $300,000 – Internal financial
  statements

  o Evidence of Good Standing Certificate of Status with the State of Maryland
  Department of Assessments and Taxation
  o Project budget that show total cost of proposal and existing leveraged funds
  supporting that proposal

• Organizations that do not have non-profit status or cannot meet the financial document requirements may partner with a ‘fiscal agent’ who meets these requirements and who serves as the lead applicant
• Individuals are NOT eligible to apply for funding through this application
• If using a fiscal agent of sponsor, their organizational budget and financial documents must be used in the application
• An organization* can apply a maximum of two times to this opportunity during the initial
  grantmaking period (ending May 29 th , 2020) IF the proposals are for distinct purposes or projects
• *This does not include fiscal agents, who can apply multiple times on behalf of distinct organizations. The organizations that apply through the fiscal agent can only apply a maximum of two times.

The Federal Register – Rule and Regulations dated 04.15.2020

SBA Website

State of Maryland – Department of Commerce Website

Baltimore County – Dept of Economic Development – Covid-19 Assistance – Small Business Emergency Relief Grants Program

Small Business Assistance Grant PDF from the Greater Baltimore Cultural Alliance website

BaltimoreTogether.com

HHS.gov

Greaterbaltimorecovidresponse.org, Baltimore Community Foundation (pdfs on file)