Resources for Businesses and Employees

Photo by Ali Schuch

Fell’s Forward – Live & Outside Plan

View the proposed pedestrian friendly plan for Fell’s Point .

2020 05 29_ FELLS FORWARD_BCT Presentation

 

Resources

The Coronavirus has affected the Fell’s Point business community in so many areas – everyone is affected.  Fortunately, there are programs to help residents, businesses and employees in emergency situations.  FPMS is compiling this list of helpful resources.  Please send an email to the office at director@fellspointmainstreet.org if you find a good resource that you want to share.

Business Information 

Added April 17, 2020 – Opens April 20, 2020 – APPLY EARLY!!!

Save Small Business Fund  – Provides $5,000 grants.

To qualify you must 1.) employ between 3 and 20 people.  2.) Be located in an economically vulnerable community and 21231 qualifies and 3.) been harmed by COVID-19 pandemic.   10 minute application and you will need your W-9s.  Click here to apply

Added April 17, 2020 

The City of Baltimore , Goldman Sachs and Lendistry will be providing $10 million in potentially forgivable SBA Paycheck Protection Program loans to help vulnerable Baltimore City small businesses, including non-profit organizations.

This program is made possible through the federal government’s C.A.R.E.S. Act and Goldman Sachs’ Small Business Stimulus Package. This fund targets underserved businesses, including those which do not currently have a relationship with a traditional bank.  Applications will be accepted immediately. To apply, click HERE. Lendistry also offers online technical assistance to applicants, including their PPP Resource Guide and Payroll Resource Guide, which can be easily found on their homepage.

Added April 3, 2020:
Verizon Small Business Recovery Fund –  Apply today – First Round Closing April 4, 2020

Thanks to a $2.5 million investment from Verizon, Verizon is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. Closes April 4, so apply now!

Added April 3, 2020:
Payroll Protection Program (PPP).

Most small businesses, sole proprietors, and independent contractors are eligible to apply for this. It’s designed to cover your expenses (including staff salaries) for 2.5 months, and if used properly, (maintain your workforce). This loan/grant must be applied for at your bank. The banks are expecting this to be available April 3, 2020. Here’s what you can do to get started:

  1. Contact your bank to see if they will be offering this loan . 
  2. Calculate the amount of loan for which you would be able to apply: add up all your expenses that were payroll related for 12 months (if in business for a shorter period of time use that period of time). Divide the amount by 12 to get your one month average. Multiply that amount by 2.5.
  3. Read this document:  U.S. Department of Treasury Paycheck Protection Program Information Sheet for Borrowers

 Added March 23, 2020 Click here to learn about COVID-19 Layoff Aversion Fund – designed to support businesses undergoing economic stresses due to the pandemic by preventing or minimizing the duration of unemployment resulting from layoffs. 

 Added March 23, 2020 Learn about Maryland Small Business COVID-19 Emergency Relief Grant Fund, 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.

Added March 23, 2020  – Maryland Small Business COVID-19 Emergency Relief Loan Fund –  offers working capital to assist Maryland for-profit small businesses disrupted operations due to COVID-19.

Click here to go to the Maryland Business Express website that is updated daily with current information on the Coronavirus, Employers & Workers Assistance and Financial Assistance and Taxes.

Click here for information on the Small Business Administration Funding Sources.

Click here for latest information from the Waterfront Partnership of Baltimore.

This database serves as a centralized source of Baltimore Businesses that could use your support during this time!  Businesses should check their listing for accuracy.

Delegate Brooke Lierman has compiled a list of business resources.  Click here.

Liquor Commission for Baltimore City – Revised Guideline – Click here

Loans – New added 3.16.20 

HONEYCOMB CREDIT & The MD Neighborhood Exchange:

  • For businesses needing $10,000-$50,000 in working capital
  • 45-day payment-free period
  • 6-month interest-only period
  • 7.5%-10% fixed-interest
  • for more details, click here.

KIVA & The MD Neighborhood Exchange:

  • 0% interest rate loans up to $15,000
  • a grace period of up to 6 months before having to make repayments
  • for more details, click here.

Community Wealth Builders, Stephanie Geller   443-242-4110.  Click here.  Stephanie can provide support, answer your questions and help to fast track the process.

Unemployment Benefits

Warning: Please be careful when filing for unemployment.  Get your information on websites that begin with www.dllr.state.md.us.  There are fraudulent sites so make sure you are dealing with the State of Maryland.

How To Apply for UnemploymentClick here to file an application for Maryland Unemployment.

FAQ Unemployment – Click here if you have questions about unemployment.

General Information

Maryland Department of Health – Click here to see a map and count (updated daily at 10 a.m.) of Coronavirus cases in Maryland.

Baltimore City Health DepartmentClick here for the most up-to-date information on the Coronavirus for the general public

Multi-Lingual AssistanceClick here to get information on the Coronavirus in Spanish, French,Chinese, Korean and Arabic.

Information From HopkinsClick here for Coronavirus at a glance.

Baltimore Gas & ElectricClick here for BGE policies during this emergency.

Gov. Hogan Announces Election Postponements/Changes and Postponement of PreaknessClick Here

Food Distribution in the CityView map of city distribution sites.  Click here for a list of sites by neighborhood.

Employment Opportunities

Amazon is hiring warehouse workers – Click here for more information.