Maryland Microenterprise Loan Program

This program provides loans for small business owners in cooperation with micro lenders in the state and seeks to increase the availability of lending for small businesses in the state.

The project is designed to assist retail, manufacturing, and goods and service-related businesses.
The business must be located in a designated area called a Sustainable Community area. The small business cannot have more than 5 employees and $500,000 in annual revenue at the time of application for funding.
The micro loan portion of the loan cannot exceed $50,000, and the loan interest rate is less than 12%. The loan term cannot exceed 5 years.

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