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Illustration of a laptop with text that includes, PPP Forgiveness Portal

 

Paycheck Protection Program borrowers: If your loan is $150,000 or less, you may be eligible to apply for direct forgiveness through SBA using our online portal. Follow the steps below.

  1. Find out if your lender is participating. 
  2. Watch a video about how to use the portal.
  3. Apply for forgiveness.

For additional information, visit the SBA website.

Text: Help businesses fully reopen. Get vaccinated. Find vaccines near you at vaccines.gov. Illustration: businesses on main street

 

Thanks to vaccines, small businesses across America have opened back up. Keep the momentum going by getting vaccinated. Find a vaccine provider near you

Learn more

U.S. Small Business Administration

Bank of America Access To Capital Directory

Bank of America just announced the launch of its "Access To Capital” directory. The directory features a searchable database that allows women seeking capital to sort potential funding options by type - including seed funding as well as grants and debt capital. Access the directory here

Magenta Edge

Magenta Edge (sponsored by T-Mobile) is a growing library of content for American small business owners with a focus on Black-Owned small businesses. Their website offers educational programming, original stories, and insights for entrepreneurs. Learn more here.

u s small business administration

A Valuable Resource

for

Small Business

Running a small business can be challenging in the best of times, but the pandemic has brought unique challenges that many small businesses hadn’t planned for, further complicating matters.  It’s more important than ever before for small business owners to take advantage of all the opportunities and resources available to them.

The US Small Business Administration (SBA), a federal agency, utilizes a resource partner network to deliver free one-on-one mentoring to small businesses across the country. SCORE, Counselors to America’s Small Business, is one of the SBA’s key resource partners offering personal assistance on a variety of business topics including: business planning, human resources, recordkeeping, financing, marketing and more. SCORE is an all-volunteer organization comprised of both retired and career-active individuals who give back to their communities by sharing their knowledge and expertise with local entrepreneurs. All counseling services are free and training sessions are either free or low-cost.

Maryland is fortunate to have a talented and dedicated team of SCORE mentors serving all counties in the state. There are four regional SCORE Chapters in Maryland offering a combination of in-person, virtual and phone counseling. Chapters are based in Baltimore, Frederick, Annapolis and Chestertown.

On October 1st, SCORE’s Mid-Shore Chapter serving Talbot, Caroline, Dorchester, Wicomico, Somerset and Worcester counties merged with the Southern Maryland Chapter that serves Anne Arundel, Calvert, Charles and St. Mary’s counties. By joining forces, the newly expanded Southern Maryland Chapter, based in Annapolis, Md., offers Eastern Shore entrepreneurs increased access to mentors and a broader range of experience to address the ever-increasing demands placed on both start-up and expanding small businesses and those impacted by the COVID-19 pandemic.

For more information about starting or operating a small business and to find a mentor near you, visit sba.gov or score.org. To learn about COVID-19 relief options for small business, including the SBA’s Economic Injury Disaster Loan (EIDL), visit sba.gov/disaster.

 

About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more visit www.sba.gov.

SBA Baltimore District Office

LEDC Empowered Women International: EWI offers talented and creative women dynamic training programs with professional teachers, mentors and a supportive peer community where they can achieve their entrepreneurial dreams. We meet women where they are on the pathway to self-sufficiency and help them move forward.

CASH Campaign Free Tax Preparation: If you or your household made $60,000 or less in 2022, you may qualify for free tax preparation. Free tax preparation appointments for Baltimore City and Baltimore County open January 13, 2023. You can make an appointment by calling 410-234-8008 Monday – Friday from 9:00 am -2:00 pm. There may be heavy call volume so please try our online scheduling tool.

MWMCA MBE/DBE/WBE Contracting Opportunities: MWMCA gathers bid opportunity information so you will know what governmental organizations and private companies are seeking participation on their contracts. The details listed include prebid meeting date/time, bid due date/time, detailed description, links, and contact information.

u s small business administration
Baltimore Emerging Leaders 2021

HomeLight, a prop-tech company revolutionizing the real estate industry, is proud to announce their partnership with the National Association of Real Estate Brokers, the largest and oldest minority professional real estate trade association in the United States. Through this partnership, they’ve created their very own Black Real Estate Agent Program, which focuses on providing financial and career support for aspiring Black real estate agents between the ages of18 and 25. The program’s goal is to increase the number of top-producing Black real estate agents by eliminating barriers to entering the field! 

We encourage members to spread the word about the program and application to aspiring agents in your communities. If you’re interested in learning more, you can find additional information here: https://www.homelight.com/black-agent-program

LOANS

·  COVID-19 Economic Injury Disaster Loan Application - The Small Business Administration (SBA) provides low-interest Economic Injury Disaster Loans to help businesses during COVID. Apply directly through the SBA here.

GRANT FOR JEWELRY BUSINESSES

·  Halstead Grant  - is an annual award for emerging silver jewelry artists. Applicants submit answers to 15 business questions in addition to their design portfolios. The grand prize is a $7,500 cash grant plus other benefits. The deadline is August 1st each year. Learn more here.

Has Your Business Been Impacted by COVID-19?

Women’s Business Centers (WBCs) provides COVID-19 impacted businesses with resources to provide educationtraining, and business advising to small businesses that have experienced supply chain disruptionsstaffing challengesa decrease in gross receipts or customers, or a closure as a result of COVID-19. 

Sign up Today for a FREE Business Advisor


The Baltimore Metropolitan Womens Business Center provides business advisory services for businesses located in Baltimore City, Baltimore, Howard, Frederick, Carroll, and Harford counties.


Our Business Advisors specialize in Branding, Digital Marketing, Business Development, Talent Management (Human Resources/Hiring), Sales and Minority Business Certification/Business Licenses.

  1. Visit the Baltimore Metropoliltan Womens Business Center website - Click Here
  2. Click on the ADVISORY SERVICES Link
  3. Click on the GET STARTED link and you will be directed to the sign up page to register for a business advisor.

Follow the Baltimore Metropolitan Womens Business Center on Facebook and Instagram for business events and business resources.

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LOANS AND GRANTS


Department of Treasury

Read more about the current process for qualifying for loans and grants from the Federal programs.


KIVA Loans 

KIVA has funding options for businesses. Click here to learn more. 


 

JOBS


Jobs in Baltimore

The Mayor’s Office of Employment Development has compiled job openings in the area. Click here to learn more.


Department of Labor

The Department of Labor has compiled some job opportunities. Click here to learn more. 

Miles & Stockbridge Black Business and Startup Initiative (https://www.mslaw.com/black-business-start-up-initiative)

  • Miles & Stockbridge is offering a new initiative that will provide pro bono legal support to Black owned businesses in a range of areas, including review of corporate and other organization documents, review of commercial contracts, review of leases and lease negotiation support, assistance with web site policies, assistance with legal issues relating to loans and other financing.  
  • To qualify for assistance, businesses must meet the following criteria:
    • 50% of business owners are Black entrepreneurs
    • Fewer than 10 employees
    • Under $500,000 in annual revenue
    • Been in business for less than 5 years
  • To request assistance, businesses should email MilesBBI@mslaw.com to request an intake. And for more info visit:
    https://www.mslaw.com/black-business-start-up-initiative

Small Business Administration (SBA) Coronavirus (COVID-19): Small Business Guidance & Loan resources

The CARES Act established several New Temporary Programs to address the COVID-19 outbreak, Coronavirus Relief Options.

Greater Baltimore Black Chamber of Commerce is a 501(c) 6 and 501(c) 3 non-profit organization. 1325 Bedford Avenue, Suite 5941; Pikesville, MD 21282-7510

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