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The Prince George’s County COVID19 Business Recovery Initiative (Formerly Relief Fund) was a $20 million program that offered grants to provide working capital for small County-based businesses whose operations had been interrupted due to COVID -19. Grant assistance provided up to $100,000 for businesses. Applicants must meet eligibility guidelines and provide evidence of financial disruption due to the COVID-19 crisis.

 
 

*Program Closed*

 

Use of Funds: 

To support cash operating expenses including payroll, suppliers, rent, fixed debt payments and other business critical cash operating costs. Up to 6 months of verified payroll & operating expenses; not to exceed $100,000

Eligibility: 

  • County-based small businesses, with a principal business office or location physically located in Prince George’s County

    Businesses meet U.S. Small Business Administration definition of a small business

  • Beginning May 15, 2020, sole proprietor and 1099 applications will also be accepted

  • New business ventures are not eligible

  • For-profit business entity

  • Business must retain jobs (certified to County) with a goal of hiring County residents for future vacancies

  • Borrower must maintain its operations in the County

  • Commit to best efforts to have 35% County based business participation in any future construction work

  • Provide evidence that application has been submitted to the U.S. SBA and State of Maryland (if available)

Required Documents:

*Form Provided in Application Portal

  • Completed Online Application*

  • Executive Summary – NO PDF OR SCANNED DOCUMENTS

  • U.S. Tax Return for 2018

  • 4506-T Tax Return Verification Form*

  • 2019 Income Statement or Business Tax Return

  • Payroll/Employee Roster (for week of March 2, 2020) & Signed Employment Certification *

  • 2020 Year to Date Income Statement (January – March)

  • Evidence of Business Disruption

  • Evidence that application has been submitted to the U.S. SBA or State of Maryland (if available)

  • Personal Financial Statement for each owner with 20% or more ownership interest *

  • Articles of Incorporation/Organization/Formation

  • Electronic Funds Transfer Form*

 

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