Maryland

FSC First

They provide a Level Up Program which is designed to assist small and minority owned businesses in Prince George’s County with training, technical assistane, mentorship, and loans.

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Maryland Community Enterprises

They provide loans for small businesses and promote economic development in Eastern Maryland.
They provide the following loans:
They provide startup loans of $5,000 to $35,000 to companies that have been denied a loan by a bank.
They also offer expansion loans of $5,000 to $150,000 for companies that have been in business for 2 years.
Both loans carry an interest rate of 6% to 12% and a term of up to 10 years.

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Baltimore Community Lending

This lender Provides loans which are designed to promote entrepreneurship in underserved communities in Baltimore. They offer emerging loans of up to $50,000 for startups with a loan term of 3-6 years. They also offer growth loans of up to $150,000 for companies that have been in business for at least two years. The loan term is 5 to 10 years.The interest rate is 7.25% to 9.25% for both emerging and growth loans.They also offer a special loan rate of 3% for hair salons, barbershops, childcare centers, and arts-based businesses in partnership with Wells Fargo. They are unable to accommodate restaurants at this point.

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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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The Latino Economic Development Center Credit Building Loan

They offer the following loans:
A credit building loan which is between $500 and $2,500 and has a 0% interest rate and 36 monthly payments. They also offer personalized financial education along with the loan.
They also offer SEED Loans of less than 5K for companies that have been in operation for less than a year or with plans to launch within 3 months of getting funded. This loan is offered at 0% interest for up to 36 months.
In addition, they also offer a startup loan of up to 20K with an interest rate of 6.5% and for 60 months for companies that have been in business for less than 2 years.
They also offer a loan of up to 250K for growing companies of up to 120 months and an interest rate of 6.5% ore more for companies that have been in business for at least 2 years and are looking to expand.

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Life Asset

Providing microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions.

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Disability:IN

We certify disability-owned business enterprises and veteran-disability owned businesses and link them to organizations looking to diversify their supply chains.

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Hello Alice

No matter where you are in your business journey, Hello Alice is here to provide access to funding, tools, and resources to help you grow your business.

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Office of Veterans Business Development (OVBD)

The OVBD facilitates the use of all U.S. Small Business Administration (SBA) programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors. OVBD oversees Veteran Business Outreach Centers (VBOC), which are designed to provide entrepreneurial development services such as business training, counseling and resource partner referrals. The SBA has 22 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

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Office of Native American Affairs (ONAA)

The Office of Native American Affairs is part of the U.S. Small Business Administration (SBA). Their mission is to ensure that American Indians, Alaska Natives and Native Hawaiians seeking to create, develop and expand small businesses have full access to the necessary business development and expansion tools available through the Agency’s entrepreneurial development, lending, and procurement programs. ONAA contracts with two companies to offer entrepreneurial empowerment workshops and free technical assistance.

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Office of Women’s Business Ownership (OWBO)

The OWBO is part of the U.S. Small Business Administration (SBA) and helps women entrepreneurs through programs coordinated by SBA district offices. Programs include business training, counseling, federal contracts, and access to credit and capital. The OWBO oversees Women’s Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world.

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SCORE

SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs. SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration (SBA).

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