Maryland Business Loans

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Maryland

Over 6 million people live in the Mid-Atlantic state of Maryland, situated along the United States’ eastern coast. The state’s largest city is Baltimore, but its capital is located in Annapolis. Maryland is bordered by a few other states, including Pennsylvania, Virginia, and nearby Washington, D.C.

Maryland’s diverse economy includes industries such as defense, aerospace, healthcare, biomedical research, and several higher education facilities. Johns Hopkins University and its medical research facilities are the largest employers in Baltimore, MD. Other industries supporting the state’s economy are federal government agencies, manufacturing, agriculture, fishing, biotechnology, tourism, and healthcare. The Bureau of Economic Analysis estimates that Maryland’s gross state product in 2020 is well over $350 billion.

Maryland small businesses still face an abundance of challenges obtaining business loans from conventional lenders like banks or credit unions. These types of traditional lenders have strict guidelines and credit requirements, ask for an immense amount of paperwork, and have incredibly limited offerings for small businesses. That’s where AdvancePoint Capital can help; we have a wide array of financing options available to help entrepreneurs that credit unions or banks do not offer.

How Do I Get A
Small Business Loan in Maryland?

The first step is to fill out our easy online application. We ask for some basic information about your business and your financing needs. Once you’ve submitted your application, one of our dedicated loan specialists will reach out to you to discuss your options and guide you through the rest of the process.

We work with small businesses in all industries and have many different types of loans available, so all you need is to have a business in good standing with a steady income. We understand that businesses have different needs, so we tailor our loans specifically for you.

The 9 Best
Financing Options and Resources for
Maryland Small Businesses

small business loan

Small Business Loans for
Maryland

SBA Loan

SBA Loans in
Maryland

Merchant Cash Advance

Merchant Cash Advance in
Maryland

Small Business Cash Advance

Business Cash Advance in
Maryland

Business Line of Credit

Business Line of Credit in
Maryland

Equipment Financing

Equipment Financing for
Maryland

Invoice Financing

Invoice Financing in
Maryland

Short-Term Business Loan

Short Term Small Business Loans in
Maryland

Long Term Business Loans

Long Term Business Loans for
Maryland

maryland resource guide

U.S. Small Business Administration

Small Business Resource Guide: Grow your Business in Maryland

View the Maryland Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting.

Find local assistance

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Why Do Maryland Small Business Owners Need Funding?

The list of the most common reasons small business owners use business funds.

  • Working Capital loans
  • Equipment Purchase and Repair
  • Inventory
  • Business Plan Expansion (capital for growth)
  • Special Projects
  • Cash Flow shortages
  • Website development and Website Maintenance
  • Emergency Resources
  • Advertising and Marketing to acquire customers
  • Jobs Creation (Employees ) Employee training resources and expenses

Initiatives, Programs, and Small Business Grants in the State of Maryland for Small Businesses. Additional Resources, Support and Information About Small Business Loans.

Maryland Business Resources and Funding Programs – Review Available Finance Programs, Find Benefits for Small, Minority and Women-Owned Businesses, and Benefits for Veteran-Owned Businesses in Maryland.

Maryland “Open for Business” Maryland Financial Incentives for Businesses

Maryland Business Express Resources: Find Funding for Small, Minority & Women-Owned Businesses – Information and resources for small, minority & women-owned businesses.

State of Maryland Department of Commerce – Offers various resources, information, programs and financial incentives such as Grant’s, Tax Credit’s, Loans, Training, Services, Bond, Contract Finance, Investment, Loan Guarantee and Venture Capital.

State of Maryland Small Business COVID-19 Emergency Relief Loan Fund

Maryland Capital Enterprises Inc. – Maryland Capital Enterprises, Inc. empowers businesses to grow, provide resources, create jobs, and generate wealth on Maryland’s Eastern Shore and across the State. Maryland Capital Enterprises, Inc. (MCE) has sought, and received, both public and private sources of funding such as State Agencies, Federal Agencies, donations, and foundation support since its inception in March of 1998. Several funding sources have provided repeat funding. Received funding is leveraged through technical assistance and other in-kind donations provided by the many cooperative partnerships Maryland Capital Enterprises, Inc. has forged in the public and private arenas. A growing portion of funding comes from fees and interest earned.

TEDCO – provides entrepreneurial business assistance, resources and seed funding for the development of startup companies in Maryland through various programs. Explore TEDCO programs here.

SBA Programs for a Nonprofit Organization

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AdvancePoint Capital makes the loan application process a simple, straightforward experience.

Frequently Asked Questions

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