SSBCI Participating Programs

Maryland's State Small Business Credit Initiative consists of nine programs that support a small business during its entire lifecycle, from startup to maturity. The loans or equity/investments are designed to help businesses seeking loans for expansion (working capital loans, contract financing, business owner occupied real estate acquisition, etc.), businesses seeking equity investments for expansion and growth, and Community Development Financial Institutions seeking capital to re-lend to small businesses. All SSBCI programs are now open and applications are being accepted.​​​

Learn about the different Maryland SSBCI programs and find the right one for you.

Are you a business seeking a loan of $250,000 or less?

 

Maryland Small Business Development Financing Authority - EPIP Loan​​

Now Acce​pting Applications​​​​

Designed to assist bu​​sinesses in soci​​ally an​d economically disadvantaged areas to obtain working capital, equipment or contract financing.​

Eligibility:​

  • Minimum 1:1 private capital match
  • Lender must have 20% at risk

Terms:

  • Loan Size: $25,000 to $1​​,000,000​​

Community Development Financial Institutions

You can also contact our list of participating Community Development Financial Institutions for SSBCI funds.

Are you a business seeking a loan of $250,000 or more?

 

Maryland Small Business Development Financing Authority - EPIP Loan​​

Now​ Accepting Appl​ications​​​​

Designed to assi​st businesses in soci​ally and economically ​​disadvantaged areas to obtain working capital, equipment or contract financing.

Eligibility:​

  • Minimum 1:1 private capital match
  • Lender must have 20% at risk​

Terms:

  • Loan Size: $25,000 to $1​​,000,000

Neighborhood BusinessWorks (NBW) Loan Participation Program​​​

Designed to assist businesses with working capital and owner-occupied real estate acquisition or renovation.

Who Can Apply

Small businesses operating in Maryland with less than 500 employees. Priority is given to very small businesses (<10 employees) and SEDI individuals who own or operate for-profit or nonprofit Maryland-based small businesses (as defined by the U.S. Small Business Administration). Local governments are not eligible applicants.

Are you a business seeking equity investments for expansion and growth?

 

Maryland Small Bu​siness Development Financing Authority (MSBDFA) Equity​​​​​

Now​ Accepting Application​s​​​​

Designed to assist businesse​​s in socially and ​economically disadvantaged areas.​​

Eligibility:

  • Minimum 1:1 private capital match

Terms:

  • Investment Size: $25,000 to $1,000,000
  • Equity in pfd stock, comm​on stock, warrants, partnership interests and other equity-like structures

NBW Venture Funds Program

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Dedicated to funding and growing the next generation of outstanding early-stage businesses in Maryland. The program is designed to assist businesses with high potential job growth that have already raised equity from early-stage investors and are seeking new investors to support reaching the next equity raise. Most companies are positioned to scale and are in need of bridge financing to achieve milestones. Typical bridge rounds are >$2,000,000.

TEDCO SEED Investment Funds

Now​ Accepting Applications​​​​

Designed to assist businesses with seed stage investing.

Eligibility:

  • Less than 15-30 employees based on funding source
  • Minimum 1:1 private capital match
  • Equity raised to date $2M - $5M, based on funding source
  • Four types of investment: cyber tech/info tech, life sciences, general tech commercialization and gap funding

Terms:

  • Convertible note or equity
  • Investment Size: $200,000 to $750,000

TEDCO Social Impact Funds

Now​ Accepting Applications​​​

Designed to assist Pre-seed technology start-ups founded by the socially and economically disadvantaged.​

Eligibility:

  • 50%+ founders ownership demonstrate economic and social disadvantage
  • Minimum 1:1 private capital match
  • Less than 251 employees
  • Equity raised to date < $15M
  • Technology based business

Terms:

  • Convertible note or equity
  • Investment Size: $200,000 to $500,000

TEDCO Maryland Venture Fund​

Now​ Accepting Applications​​​

Designed to assist technology based businesses during the Pre-seed to Pre-Venture Capital funding stage.

Eligibility:

  • Less than 251 employees
  • Equity raised to date < $15M
  • Minimum 1:1 private capital match
  • Technology based business

Terms:

  • Convertible note or equity
  • Investment Size: $500,000 to $2,000,000

TEDCO Venture Capital Limited Partnership​

Now​ Accepting Applications​​

Designed to fund Early-stage Venture Capital funds focused on investing in Maryland.

Eligibility/Criteria:

  • Investment thesis and ROI
  • Fund Management focus/sector experience
  • Commitment to Maryland

Terms:​​

  • TEDCO Standard Limited Partnership terms
  • Fees to meet SSBCI guidelines

Are you a Community Development Financial Institution seeking capital to re-lend to small businesses?

 

NBW Loan to Lender Program​​​​

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Now Accepting Applications

Designed exclusively for Community Development Financial Institutions (CDFIs) for relending to small businesses combined with the required private capital match. Targeted loan to small business of up to $250,000). The loan focuses on businesses owned and operated by Socially and Economically Disadvantaged Individuals (SEDI), Very Small Businesses (VSB) and CDFI Investment Areas.

Apply Now​​

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