The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training…

The Small Business Administration (SBA) Microloan Program (CFDA #59.046) has awarded a $222,194 Formula Grant to Maryland Capital Enterprises, Inc., a non-profit community development corporation. This grant funding will enable Maryland Capital Enterprises to provide direct microloans, business training, and technical assistance to start-up, newly established, and growing small businesses in Maryland over a one-year period from July 1, 2023 to June 30, 2024. As an SBA Microloan Program intermediary, Maryland Capital Enterprises utilizes federal grant funds to offer small business owners access to capital and comprehensive support services to foster entrepreneurship, particularly among women, low-income, and minority populations. The organization has a track record of delivering over $270,000 in microloans annually to local entrepreneurs through this and other federal grant programs, including the Women's Business Ownership Assistance grant and Rural Microentrepreneur Assistance grants.

The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns.