Maryland’s State Small Business Credit Initiative (SSBCI) Program: 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 here!
Governor Hogan Announces Millions In Housing Awards: Nearly $32 million in project awards through the Maryland DHCD. Click here to learn more.
Maryland Small Business Savings Program: With this new program, employees can set up a Roth IRA that they can contribute to. Click here to learn more.
Technical Training Classroom Webinar (September 29 @ 10 a.m.): New to state contracting? Start at the beginning. This class is for small businesses that have little or no knowledge of the state procurement process. We’ll focus on common procurement terminology, examine how the state contracting arena operates, and provide resources to help you determine if pursuing work in the state-funded contracting arena would be beneficial to your company. To sign up for the webinar, click here.
How to Repay Your EIDL Loan (October 13 @ 11 a.m.): This will be an overview of the Economic Injury Disaster Loan (EIDL) program including your loan details, how to make payments, how to identify your Loan Servicing Center, and help with planning your payment. To sign up for the webinar, click here.
68 Grants, Loans and Programs to Benefit Your Small Business: When you know where to look, help for your small business is there for the taking. Check out this article!