CDV- MMG Community Development
Ventures & Meridian Management Group Inc.
Loan
Size:
Loan investments amounts will
range from $100,000 to $1,000,000 up to ten years
Application
Required:
Yes
Contact:
Anthony Williams, Vice
President
Randy Croxton, Vice President
Stanley Tucker, President
410.333.2550 or for more information visit MMG
at www.mmggroup.com
State Financing
DBED- Maryland Department of
Business and Economic Development
Program:
Maryland Economic Development
Assistance Authority and Fund (MEDAAF)
Loan
Size:
Maximum assistance cannot
exceed the lesser of $10 million or 20 percent of
the current fund balance.
Program:
Local Economic Development
Opportunity
Loan
Size:
Loans may be up to $5 million,
while conditional loans and grants may be up to
$2 million.
Program:
Direct Assistance to local
jurisdictions or MEDCO
Loan
Size:
The total amount of assistance
cannot exceed $3 million
Program:
Regional or local revolving
loan fund
Loan
Size:
Each jurisdiction may receive
a grant of $250,000 annually with a $500,000 cap
through June 30, 2003. DBED may not make grants
totaling more than $2 million per fiscal year.
For more information about
Business Financing visit DBED web
site
Programs:
Special purposes loan
Economic Development Opportunities Fund (Sunny
Day Fund)
Smart Growth Economic Development Infrastructure
Fund (One Maryland)
Maryland Industrial Development Financing Authority
(MIDFA)
Contact:
Jim Henry - Central Region
Phone: (410) 767-6353
Fax: (410) 333-6931
Greg Cole - Southern and Western Regions
Phone: (410) 767-6376
Fax: (410) 333-6931
Federal Loan Programs
SBA - Small Business Administration
Program:
The Microloan Program for
Entrepreneurs
Loan
Size:
The intermediaries use these
funds to make loans of up to $35,000 to new and
existing small businesses. The average age loan
sized is around $10,500
Program:
The Surety Bond Guarantee
Program
Loan
Size:
The SBA can guarantee bid,
payments and performance bonds for contracts up
to $2 million for eligible small contractors
Program:
Low Documentation Smaller
Business Loan
Loan
Size:
A maximum loan amount of
$150,000
To learn more about these and other small business
loans visit www.sba.gov
Private Lenders
All First Bank - All First provides you
with a variety of loan leases information go to http://www.allfirst.com.
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