Open to Maryland-based small businesses (as defined by the U.S. Small Business Administration) that have less than 500 employees, the State Small Business Credit Initiative (SSBCI) is a federally funded program to provide loans and investments to Maryland’s small businesses, including for-profit, nonprofit businesses, and foundations. The downloadable fact sheet offers a basic description, eligibility, and criteria as well as a list of program loans available under SSBCI.
To begin, applicants must complete an online application for any of the SSBCI programs. Visit https://open.maryland.gov/ssbci for more information.
Download the SSBCI Fact Sheet Here.