Maryland's State Small Business Credit Initiative (SSBCI) Program
The Maryland Department of Housing and Community Development has been designated as the lead agency to administer Maryland's State Small Business Credit Initiative (SSBCI) funds in partnership with the Maryland Department of Commerce and the Maryland Technology Development Corporation. Funds will be used to support businesses with limited opportunities for growth. Maryland's statewide SSBCI initiatives will target communities and areas with a high concentration of small, micro, and Socially and Economically Disadvantaged Individual (SEDI) businesses.
NOTE: these funds are issued as loans or equity investments only, SSBCI does not offer grants.