Once you have created a solid business plan, you should next figure out how much capital you need to start and operate your business, and what kind(s) of financing your business may qualify for.
Start-up funds can come from a variety of sources. Whether investing personal resources, bootstrapping, or taking on debt, be sure to plan carefully and ensure your business venture is adequately capitalized.
Find a Commercial Lender
Frederick has more than a dozen active banks with on-the-ground facilities within City limits. Connect with a banker today and begin to build this critical relationship.
- Small Business Administration (SBA) Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. Match with a lender.
Research Alternative Financing Channels
Many strategic flexible financing programs can help facilitate projects that might not be possible under traditional loan options.
These opportunities include:
- Neighborhood BusinessWorks
- Video Lottery Terminal (VLT) Fund
- Maryland Small Business Development Financing Authority
- Military Personnel and Veteran Owned Small Business Loan Program
- Commercial Property Assessed Clean Energy (C-PACE) Program
- Opportunity Zone Funding
- TEDCO Seed Funds
- Venture Capital
- Angel Investment
Explore Incentive Programs
Tax credits and conditional grants are available at the local, state, and federal levels to encourage community-boosting investment, energy-efficient initiatives, job creation, and property rehabilitation.
Take advantage of these opportunities by visiting our Incentives and Programs page.