Are you a business seeking a loan of $350,000 or less?
Designed to assist businesses in socially 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
You can also contact our list of participating Community Development Financial Institutions for SSBCI funds.
Are you a business seeking a loan of $350,000 or more?
Designed to assist businesses in socially 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
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?
Designed to assist businesses 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, common stock, warrants, partnership interests and other equity-like structures
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.
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
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
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
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?
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 $350,000). The loan focuses on businesses owned and operated by Socially and Economically Disadvantaged Individuals (SEDI), Very Small Businesses (VSB) and CDFI Investment Areas.
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