​Frederick County Covid-19 Public Vaccine Updates


Business Assistance


Payroll Protection Program (PPP)

A new round of PPP assistance is available effective January 13, 2021.
You must contact an SBA lender to access the program.

  • First-time borrowers are eligible if they meet the original PPP loan eligibility requirements. Entities eligible for a second PPP loan will include businesses with 300 or fewer employees, some nonprofit organizations (with eligibility expanded to include 501(c)(6) organizations), self-employed workers, and independent contractors. Borrowers who received a PPP loan under the CARES Act are eligible for a second loan if they can demonstrate a 25% reduction in gross receipts in any 2020 quarter as compared to the same quarter in 2019. The SBA is expected to provide additional information about the PPP’s second round by early January, including the following.
    • Amount: Borrowers can receive 2.5 times their average monthly payroll costs (3.5 times for borrowers in the accommodation or food services industries). Loans are capped at $2 million.
    • Forgiveness: Funds spent on eligible expenses may be forgiven; provided that, at least 60% of the funds are spend on payroll costs. Eligible expenses include those expenses in PPP 1.0 (mortgage, rent, utilities, and payroll) and the following additional expenses: covered operations expenditures (e.g. software, cloud computing, HR and accounting needs), covered property damage (costs related to property damage due to public disturbances that occurred in 2020 but were not covered by insurance), covered supplier costs (expenditures that are essential to the borrower’s operations), and covered worker protections (e.g. personal protective equipment). Forgiveness for loans under $150,000 will be significantly easier to obtain.
    • Tax Effects: Forgiven PPP loan amounts are not includable as gross income for borrowers. Additionally, borrowers may take tax deductions for expenses ultimately covered by PPP loan funds.
  • Unemployment: Individuals may receive up to 50 weeks of benefits and $300 in Federal Pandemic Unemployment Compensation to supplement state benefits.
  • Recovery Rebates: The bill provides a one-time refundable tax credit (more popularly known as a stimulus check) of $600 to all eligible citizens. The credit phases out starting at $75,000 ($150,000 for married filing jointly) and is completely phased out at $100,000 ($200,000).
  • Paid Sick Leave: The Families First Coronavirus Response Act’s payroll tax credits for paid sick and family leave are extended through March 2021.
  • Shuttered Venue Grants: Grants are available for eligible live venue operators or promoters, theatrical producers, live performing arts organizations, movie theaters, and similar venues. The grants may be used for payroll, rent, utilities, and personal protective equipment and are capped at $10 million.
Click this link to go to the SBA PPP website

Economic Injury Disaster Loan (EIDL) Now Open 

For the EIDL you must apply online directly to the SBA at this link.
 

Purpose: To meet financial obligations and operating expenses that could have been met had the disaster not occurred

Terms:
3.75% for businesses (fixed)
2.75% for nonprofits (fixed)
​30 years
No pre-payment penalty or fees
 
Use of Proceeds:  Working capital and normal operating expenses
Example: continuation of health care benefits, rent, utilities, fixed debt payments.
 
Collateral Requirements:
Only required for loans over $25,000 SBA uses a general security agreement (UCC) designating business assets as collateral, such as machinery and equipment, furniture and fixtures, etc.
 
Forgivable:
NO – EIDL Loan
YES – EIDL Advance*
*Advance funds have been fully allocated and are not currently available
 
Maturity:
30 years
 
Payments:
Deferred one year; interest still accrues
Borrower may make payments if they choose to do so.

Shuttered Venue Operators Grant Now Open You must apply online directly to the SBA at this link.


Who can apply

Eligible entities include:
  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives
  • Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
  • Must have been in operation as of February 29, 2020
  • Venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount

Click here to apply: Shuttered Venue Operators Grant (sba.gov)

County Mandate Updates for Businesses as of January 2021


Frederick County Indoor Dining Restrictions to Remain Unchanged
County to take a pause on lifting restrictions until February 15


March 31, 2021 Fred. Co. Board of Health  Update for Public Events

The Frederick County Board of Health is now requiring anyone holding an event over 100 people to fill out an online form to report the event. It was not clear in the public announcement, so we reached out the Frederick County Board of Health to clarify if this is required for any Bingo's that are conducted, and the answer is YES. They also clarified that if you are holding a family reunion or any type of public event on Public Park Property, you must also fill this online form out.

The following is a public announcement from the Frederick County Board of Health:
Planning a public gathering of 100+ people? Event Organizers must complete the online submission form at least 7 days before an event.
According to Frederick County Board of Health Regulation 01-2021:
a responsible person(s) must be designated by the organizer for social gatherings (including parades, festivals, and fund raisers) where the general public is likely to attend and in which 100 or more persons are expected or likely to be in attendance.
 
This does not apply to social gatherings on personal private property that the public in general is not expected to attend (including reunions, cookouts, and parties).
 
Failure to submit the required form and information by the required timeframe may result in the denial of necessary permits needed to hold the event.
 
Event Organizers are responsible for ensuring compliance at the gathering with face covering and physical distancing requirements, occupancy limits, and other infection transmission mitigation actions, and must remain on-site during the gathering.
This regulation applies Countywide, including all municipalities except within the corporate boundary of Mount Airy, Maryland located within Frederick County.
 
A violation of this Regulation shall be Class B Offense carrying a fine of $250 for a first offense; $375 for a second offense; and $500 for a third or subsequent offense (pursuant to Frederick County Code §1-1-9).
 
Here is the link to fill out the form if your events meet any of the above categories: Frederick County Health Department, MD (frederickcountymd.gov)
 

Click here for the Frederick County Resolution
 
Click here for the original announcement

Maryland Business & Public Updates 


Maryland Business Updates & Mandates
For all of Governor Hogan's Orders that are in effect and are required to be followed by all business industries and enforceable by law, click this link.

Maryland Department of Commerce Opens Grant for Small Businesses
​March 31 & closes on April 6, 2021


Maryland Department of Commerce Grant: The Commerce Department will be running a number of different grant programs in the coming weeks. The first, the COVID-19 RELIEF Grant Program is set to open (3/30/21) at 9:00 AM and the grant program is first come first serve so it is very important that applications be submitted as quickly as possible. Click here to apply
Small Business COVID-19 RELIEF Grant Program
To support Maryland’s small businesses facing continued financial impacts from the novel coronavirus, the state established through bipartisan legislation the new Maryland Small Business COVID-19 RELIEF Grant Program in 2021 with $10 million in state RELIEF Act funding.

The grant offers working capital to assist certain Maryland small businesses 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. We will accept applications starting March 30 at 9 am EST through April 6 at 11:59 pm EST. 

Funding is extremely limited and may ultimately result in approval on a first-come, first-served basis. The application process will be open for a limited period, and Commerce anticipates substantial interest in this program. We encourage you to apply as soon as applications become available.

GENERAL TERMS AND CONDITIONS

  • Eligible applicants must be a Maryland based for profit business which primarily engage in non tangible services not subject to the Maryland sales and use tax. 
  • Must have between 1 and 20 employees;
  • Must have at least 1 W2 employee and the business must have an active account with the Maryland Department of Labor’s Division of Unemployment Insurance;
  • Must demonstrate a 25% or greater reduction in revenue adjusted for COVID-19 costs such as sanitation, PPE in 2020 over 2019; 
  • Must be established prior to March 9, 2020;
  • Must be registered and in good standing with Maryland SDAT;
  • Applicants who did not receive a COVID-19 Business Relief Grant or Loan will be prioritized over applicants which received a COVID-19 Business Relief Grant or Loan from the Maryland Department of Commerce; 
  • The applicant, affiliates, subsidiaries, and parent company of the applicant must have combined revenues less than $5 million in 2020;
  • Economically disadvantaged applicants as defined by personal net worth of $750,000 or less, adjusted gross income of $350,000 or less, and $6 million or less in assets will be prioritized;  
  • Business must have an eligible NAICS code as defined and categorized by North American Industry Classification System;
  • Applications will be prioritized by industries most impacted by COVID-19;
  • Business must currently be in operation;
  • Business must have a physical Maryland location; 
  • Funds will be distributed to the extent practicable by Commerce, among the counties based on population; and
  • Your application will be rejected without further review if the application is incomplete and not signed by a person with authority to bind your business.

APPLICATION: click here 

To apply, a business must complete the application provided on here starting March 30. At minimum, a completed application must provide:
  • A valid Maryland unemployment insurance number and proof of at least one W2 employee, which may include the owner;
  • 2019 Federal Tax Return or 2019 Profit and Loss/Income Statement prepared in house or by a CPA;
  • 2020 Federal Tax Return or 2020 Profit and Loss/Income Statement prepared in house or by a CPA;
  • Certificate of Good Standing with Maryland State Department of Assessment and Taxation;
  • Business NAICS code as defined and categorized by North American Industry Classification System;
  • An explanation of how COVID-19 has impacted your business and the purpose of the grant;
  • As part of the application, you will be asked to provide a list of specific expense items such as rent, fixed debt payments (p+i), payroll expenses, other taxes and fees, utilities, equipment repairs, supplies, and other cash expenses.

For questions or more information...

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