Maryland Small Business Lending Program – Small Business Direct Loans

Amount

Up to $2,000,000

Deadline

Aug 17, 2026

Odds

Not published

Effort

30 to 60 min

Can you get this?

✓Maryland-based small businesses under 500 employees

✓Local development corporations are eligible

✓Nonprofits are eligible borrowers

✕Local governments are not eligible

✓Fixed 4% rate, up to 30-year terms

Your real odds

Direct loans are awarded competitively in quarterly rounds, so you are going up against other applicants each cycle.

DHCD publishes no acceptance rate, and the competitive structure means funding is not guaranteed. An initial consultation is the stated first step before you apply.

What it takes

Request a consultation with a business officer30 to 60 min

Prepare financials and use-of-funds case1 to 2 weeks

Submit application in an open quarterly round

Worth knowing

If you already have a bank relationship, the companion loan product deserves a look: up to $5M, available year-round, and the main requirement is a 1:1 private lending match, which puts it outside the quarterly competitive cycle entirely.

Apply on funder's site →

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