Montgomery County’s Small Business Rental Assistance Grant Program – Phase 2 provides grants to small businesses in qualifying industries to support rental costs, both current and arrears rent payments.
Donor Name: Latino Economic Development Center
State: Maryland
County: Montgomery County (MD)
Type of Grant: Grant
Deadline: 09/30/2022
Size of the Grant: up to $10,000
Details:
The grant is intended to mitigate the injury experienced by Montgomery County businesses due to the pandemic, especially in light of the extended duration of the hardship.
Funding Information
Qualifying businesses can receive up to $10,000 in rental assistance or three months of rent, whichever is less.
Eligibility Criteria
- Geography
- Business must have a physical location(s) only in the county; OR
- County-based locations account for more than 50% of the businesses total number of employees; OR
- County-based locations account for more than 50% of business’s gross sales.
- Lease
- Businesses must have a commercial lease in the County
- Revenue
- Must have received $500,000 or less in annual revenue prior to COVID-19
- Must be able to demonstrate a revenue loss due to COVID-19
- Qualifying Businesses
- Art Supply Store
- Bookstore
- Cards, Gifts, Party Store
- Clothing/Specialty Apparel Store
- Consignment Shop
- Convenience Store
- Corner Stores
- Dry Cleaner
- Electronics Store
- Flooring Center
- Florist
- Furniture Store
- Gyms / Yoga, Dance, or Fitness Studios
- Hair Salon / Barbershop
- Hardware Store
- Home Goods
- Jeweler
- Laundromat
- Manufacturer with On-Site Retail
- Massage Therapy
- Nail Salon
- Pet Supply Store
- Pharmacy
- Printing & Signage Shop
- Specialty Products (e.g. beads, incense, candles)
- Specialty Retail Store
- Tuxedo/Dress Rental Shop
- Waxing Center
- Veterinary Office
- Auto Repair
NOTE: Restaurants, food service businesses, medical practices, professional services, religious organizations, and licensed child care programs are ineligible, per county guidelines.
For more information, visit LEDC.