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
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
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.
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
For a running list of all Baltimore business-support initiatives, check out this blog post: How Baltimore's Entrepreneurial Community is Responding to COVID
Surveys to Help Organizations Understand the Impact on your Business