COVID-19 Financial Assistance Programs for Nonprofits

Mar 24 2020

COVID-19 Financial Assistance Programs for Nonprofits

Due to both voluntary and government mandated closings, unanticipated economic hardship, and the ongoing uncertainty surrounding the COVID-19 pandemic, now is a challenging time for nonprofits. Below are a couple of financing options intended to support organizations until normal operations can resume.

Maryland Department of Commerce

Maryland Small Business COVID-19 Emergency Relief Grant Fund


This COVID-19 Emergency Relief $50M Grant Fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations due to COVID-19. Grant assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners. The following general terms and conditions apply:

  • Grants up to $10,000 not to exceed 3 months of cash operating expenses for Maryland businesses and nonprofits impacted by the COVID-19 with 50 or fewer employees.
  • Must be established prior to March 9, 2020.
  • Business must be in good standing.
  • Applicants must have employees on their payroll for whom they have had payroll taxes withheld (i.e. W-9 employees).
  • Annual Revenues of the business or nonprofit not to exceed $5 million as evidenced by Financial Statement or other financial documentation.
  • Business or nonprofit is expected to seek longer term funding through its bank, SBA, or other source.
  • Eligible uses include: working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of operations.

The business or nonprofit must demonstrate financial stress or disrupted operations, which may include but are not limited to:

  • Notices from tenants closing operations and not paying rent caused by loss of income.
  • Notice of inability to make loan payments due to reduced sales, suspended operations.
  • Increased cost related to COVID-19 prevention measures.
  • Notice of disrupted supply network leading to shortage of critical inventory or materials.
  • Other circumstances subject to review on a case by case basis.

For more information about this COVID-19 grant fund, send an email to Commerce COVID-19 Assistance.

US Small Business Administration

Federal Disaster Loans

The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to nonprofits to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate for non-profits is 2.75%.

SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay. SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail

Federal Emergency Management Agency

Coronavirus (COVID-19) Pandemic: Public Assistance

FEMA has announced it is allowing private nonprofit organizations to apply for Public Assistance Program funding for COVID-19 related expenses. This means that you may be eligible for reimbursement of up to 75% of eligible costs related to COVID-19. FEMA is simplifying the process so applicants may directly apply for assistance through the PA Grants Portal.

If you have questions please contact:  Sara J. Bender (443)381-3209  or email