Applying for an SBA Loan? You Need a One Stop Account

If you have questions about applying for one of Maryland’s COVID-19 Grants or loans, then keep checking back here for more information on how to apply.
Important Update on Maryland’s COVID-19 grant and loan process: applicants need to create an account in the  Maryland One Stop portal. Applicants should create a One Stop account even if they have already submitted a loan or grant application. They will not lose their place in the queue. For new applicants, the “Apply” link sends them to Maryland One Stop and directs them to create an account and/or login in order to begin an application.
The SBA is staffed 24/7 at 202-765-1264 for assistance with the Economic Injury Disaster Loan process.
 
Daily SBA Conference Call – Updates (M-F) provided and you can ask questions.
3:00pm:  202-765-1264, Conf Call ID# 827-299-626

5:30pm:  202-765-1264, Conf Call ID# 310-688-488

SBA EIDL application help through live webinar– The Delaware district office is offering a webinar daily at 10:30 am and 8:00 pm. On the call, an SBA agent will walk businesses through the EIDL application process. Businesses should have all necessary documents ready.  Webinar Info Here
The SBDC has also received an infusion of funding to assist small businesses with federal COVID-19 resources. Please urge companies to contact the Maryland Small Business Development Center or our local SBDC counselors (copied here and well-known to most of you) for direct assistance with federal applications.
Payroll Protection Program Loan update:  Treasury guidelines are done. SBA and lender guidelines under development. Companies should contact their own lender first to see if they are eligible to lend under this program.  FAQ’s here.
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