Learn More about CDFI's and Small Business Resources in Maryland see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Baltimore Community Lending, Inc.
CDF Development, LLC
Charter Facilities Funding, LLC
Community Capitol of Maryland, Inc.
Community Development Ventures, Inc.
Development Credit Fund, Inc. (DCF)
Enterprise Foundation Inc., The
ESIC New Markets Partners, LP
Faith Fund, Inc.
First Combined Community Federal Credit Union
Harbor Bank of Maryland
Harbor Bankshares Corporation
Maryland Capital Enterprises, Inc.
Mid-City Community CDE, LLC
Native American Capital, LP (NAC)
Urban Research Park CDE, LLC
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.