Business Lending
Small businesses are Maryland’s economic engines that create jobs and bring our communities to life. The State’s premier suite of small business loan programs provides competitively priced, flexible financing for the costs associated with business startup and expansion.
These programs offer direct, fixed-rate loans of up to $2 million and companion loans of up to $5 million. $2 million direct loans are offered on a competitive basis with rounds announced quarterly. $5 million companion loans are available year-round, subject to availability of funds. All small business loans have fixed interest rates of 4% with terms of up to 30 years.
Eligible borrowers include Maryland-based small businesses (fewer than 500 employees), local development corporations, and nonprofits. Local governments are not eligible applicants.
Business Lending
Own Your Future
Own Your Future is a specialized companion loan that empowers small business to purchase a property to operate in while generating wealth.