County Loan Programs
- Commercial Property Assessed Clean Energy Loans (C-PACE)
- Frederick County Small Business Loan Guarantee
Commercial Property Assess Clean Energy Loans (C-PACE) are available for installation of solar, geothermal, or wind energy systems, or water conservation devices not required by law or any construction, renovation, or retrofitting to reduce energy consumption.
100% up-front capital to commercial property owners for approved projects; the loan is repaid through a long-term surcharge on the property tax bill that transfers with the sale of the property.
Full Program Details
Growth-related expansion projects to existing businesses and for the purchase of real estate, machinery, equipment, inventory, working capital, and renovation of real estate to start-up businesses (or those in business for less than two years). The business must be located in a Frederick County priority funding area.
A loan guarantee for up to 80% with a maximum of $50,000.
State Loan Programs
- Maryland Small Business Development Financing Authority
- Military Personnel & Veteran-Owned Small Business Loan Program
- Neighborhood Business Works Program
- Small, Minority & Women-Owned Business Account - Video Lottery Terminal Fund (VLT)
Maryland Small Business Development Financing Authority (MSBDFA) clients include small businesses unable to obtain adequate business financing on reasonable terms through normal financing channels.
A private contractor manages the four MSBDFA components and the Maryland Department of Commerce provides financing for the approved small businesses:
- Contract Financing Program
- Equity Participation Program
- Long Term Guaranty Program
- Surety Bonding Program
For more information on applying, call the MSBDFA contact at Meridian Management Group at 410-333-4270. For full program details, visit the Department of Commerce's MSBDFA page.
The Military Personnel and Veteran-Owned Small Business Loan Program (MPVSBLP) offers no-interest loans of up to $50,000 for businesses owned by military reservists, veterans, and National Guard personnel, and for small businesses that employ or are owned by such persons.
Eligible applicants include veteran-owned small businesses, businesses owned by military reservists and National Guard members called to active duty, and small businesses, with fewer than 50 employees that employ them.
No-interest loans that range from $1,000 to $50,000.
Contact the Department of Commerce's MPVSBLP Program Manager at 410-767-6356 for information on application, and visit the MPVSBLP website for full program details.
New and expanding small businesses and non-profit organizations located in a Sustainable Community or Priority Funding Area.
Flexible gap financing for eligible projects, with loan amounts up to $5 million.
Small, minority, and women-owned businesses in Maryland.
The Maryland Department of Commerce administers the program with the assistance of eligible fund managers who oversee the distribution of the funds. For a list of fund managers around the state, visit the Maryland Department of Commerce's Video Lottery Terminal Fund page.