A Capital Idea for Your Small Business
The Baltimore County Boost Fund is a loan program that puts revenue from Maryland’s video lottery terminals to work for small-, minority-, woman- and veteran-owned businesses.
Boost funds are provided through the Maryland Department of Commerce. To date, Boost has approved over $6 million in loans to key job-creating industries.
The Boost Fund can lend business owners $50,000 to $250,000 with a reduced down payment and interest rates set at or below current rates. Loans have a maximum 20-year term and payment plans are customized to meet individual business needs to help businesses maintain the cash flow needed to run their business.
The Boost Fund provides business loans for:
- Start-up funding
- Gap funding
- Building improvements
- Equipment acquisition
- Leasehold improvements
- Business acquisition
- Working capital
- Commercial real estate acquisition
If you fit into one of the following categories, this loan program is for you.
- Small Business (SME)
- Minority-owned businesses
- Women-owned businesses
- Veteran-owned businesses
Complete the form below to inquire about the Boost Fund. Before you apply, you must:
- Be classified as a small business by SBA Standards.
- Have a personal credit score of 625 or higher.
- Provide collateral as security for all loans.