This program is not currently active. Please contact us to learn more about our other lending programs.
The Maryland Linked Deposit Program is a statewide initiative designed to stimulate opportunities for certified Minority Business Enterprises and Small Businesses by reducing the interest rate on loans they obtain from participating banks. Certified Minority Business Enterprises and Small Businesses that notify the Maryland Department of Housing and Community Development prior to obtaining qualifying loans from enrolled financial institutions may be able to receive up to a 2% discount on their loans. The Linked Deposit Program looks to stimulate economic opportunities, enabling small and minority-owned businesses enterprises access to affordable capital in order to grow and expand their business.
Linked Deposit Fact Sheet (PDF)
To be eligible, a borrower must be a certified minority business enterprise in good standing with the Maryland Department of Transportation or a small business in good standing with the Maryland Department of Assessments and Taxation and the purpose of the loan must be for a project or activity located in Maryland. Borrowers must apply to the Maryland Department of Housing and Community Development to be eligible for the Linked Deposit Program.
Lenders that may participate are those that the Maryland State Treasurer’s Office has designated as eligible to participate in the Linked Deposit Program.
View a list of participating lenders (PDF)
Please contact the Business Lending TeamBusiness Lending Email: firstname.lastname@example.org
Business Lending Hotline: 301-429-7408