Maryland Small Business Development Financing Authority (MSBDFA) – Loans & Equity for Minority-Owned Businesses
Maryland's primary state loan and equity program explicitly targeting small and minority-owned businesses; $45M allocated from SSBCI; between FY2021–2025 deployed ~$33M incentivizing 2,450 jobs; managed by Meridian Management Group (Baltimore); Governor Moore announced $3M in latest round (May 2026) to six businesses creating 72 jobs; funds used for machinery/equipment, supplies, real estate, leasehold improvements, and working capital; DECADE Act of 2026 further strengthened the program.
About this program
Visit the program website for full details.
Eligibility
Small and minority-owned Maryland businesses seeking financing for machinery, equipment, supplies, real estate, leasehold improvements, or working capital; businesses unable to access conventional financing at reasonable terms.
Requirements
- Maryland-based small or minority-owned business
- Demonstrate need for financing that is not available from conventional sources
- Contact MSBDFA through the Maryland Department of Commerce at business.maryland.gov