The Maryland Department of Housing and Community Development believes that small businesses are the engine that drives our economy. The department offers loans and business growth tools to new and expanding small businesses and nonprofit organizations whose efforts help improve and revitalize existing commercial districts and town centers. Our loans are most often used by small businesses to close gaps in financing when those resources are unavailable through traditional, commercial, lending institutions. The department is seeking to strengthen our partnerships with business lenders to explore how our small business lending programs can provide the critical financing and technical expertise to help lenders and entrepreneurs turn business plans into actual, brick and mortar businesses.
Provides flexible financing to new or expanding small businesses and nonprofit organizations in Sustainable Communities and Priority Funding Areas throughout the state.