Brand Builders Blog : Maryland Small Business Funding Programs: Quick Reference Guide
Fusion Brand Builders : Maryland Small Business Funding Programs:
Quick Reference Guide
Are you a Maryland food truck owner or small business entrepreneur looking for funding opportunities?
We've compiled a handy list of state-funded programs to help you expand your business or purchase new equipment.
Here's a quick overview of available resources:State Small Business Credit Initiative (SSBCI)
- Purpose: Enhances small business loan programs
- Funding: Up to $198 million in federal assistance
- Link: Maryland SSBCI Program
Maryland Small Business Development Financing Authority (MSBDFA)
- Options: Contract Financing, Guarantee Programs, Term Loans
- Use: Equipment, working capital, real estate
- Link: MSBDFA Programs
Maryland Economic Adjustment Fund (MEAF)
- Loan Amount: Up to $150,000
- Eligibility: Businesses with fewer than 50 employees
- Link: MEAF Program
Microenterprise Loan Program
- Purpose: Flexible financing for start-ups and expansions
- Link: Microenterprise Loan Program
Equipment Financing
- Feature: 100% financing options available
- Link: Maryland Equipment Financing
Maryland Department of Commerce Programs
- Focus: Financial incentives for innovation and job creation
- Link: Commerce Financial Incentives
Business Boost Program
- Administered by: Maryland Department of Housing and Community Development
- Eligibility: New and expanding small businesses in Sustainable Communities
- Link: Business Boost Program
Remember, each program has its own eligibility criteria and application process.
We recommend visiting the provided links for the most up-to-date information and application procedures.
At Fusion Serve, we're committed to helping our vendors succeed.
If you're interested in joining our platform we offer a Equipment Buy-Back Program or have if you have questions about these funding opportunities, don't hesitate to reach out. Let's grow your food business together!
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