Baltimore Teams up with Goldman Sachs for Loan Program Aimed at Small Businesses Hit by Coronavirus
Baltimore City is partnering with Goldman Sachs to provide loans for small businesses impacted by COVID-19. The $10M program is designed to connect City businesses with potentially forgivable Paycheck Protection Program loans. “It is important that we help our small businesses stabilize, reopen, and return to operating at full capacity to get Baltimore City residents back to work and restart our local economy,” said Baltimore City Mayor and EAGB board member Bernard C. “Jack” Young, as reported by the BBJ. Funding is limited;