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Finance and Loan Programs

Baltimore County offers direct financing programs to encourage investment and job creation in the County. Private sector financing is leveraged with Baltimore County gap and flexible financing programs to help businesses expand and grow. Additionally, the County can help you access state, federal and private financing for new and expanding businesses.

To learn more about any of these finance programs, contact a Baltimore County business development representative by calling 410-887-8000 or emailing   

County Programs

COVID-19 Relief Loan Program

The COVID-19 Relief Loan Program provides access to capital for Baltimore County businesses that have been adversely affected by COVID-19. This program offers low-interest loans from $50,000 to $250,000 to provide working capital to support the following and more:

  • Payroll
  • Acquisition of equipment
  • Inventory and real estate
  • The reconfiguration of existing or new spaces to meet Coronavirus guidelines
  • Capital improvements

Due to limited funding, the size of the loans will be based upon the economic impact of the project, including the number of jobs and capital investment. Before you apply, you must:

  • Be classified as a small business by SBA Standards
  • Have a personal credit score of 625 or higher
  • Provide adequate collateral as security for all loans
  • Provide personal guarantees
  • Employ a minimum of four full-time employees, excluding the owners of the business

Submit an Inquiry

Boost Loan Fund

The Boost Loan Fund Program provides access to capital for targeted businesses including small, minority-, women-, and veteran-owned businesses in the Baltimore Metro area. The new fund is capitalized by Maryland casino tax revenue and can provide loans from $50,000 to $250,000.

Advanced Technology Loan Fund

The Advanced Technology Loan Fund provides loans to technology based businesses and businesses acquiring technology equipment. Maximum loan amount is $250,000. Funds may be used to finance the acquisition and improvement of land, buildings, plant and equipment, including new construction or facility expansion.

SAFE Act Financial Assistance Program

In order to the reduce the cost burden associated with the purchase and installation of security equipment and building improvements that are required under the Secure All Firearms Effectively (SAFE) Act, the following programs are available to Baltimore County businesses:

Matching Grant Program

Baltimore County will provide a matching grant in an amount of up to $10,000 for the purchase of security equipment and improvements that are required under the SAFE Act. Example: If the project cost is $10,000, the business will contribute $5,000 and the County will provide a $5,000 grant. If the total project cost is $25,000 the County will provide a $10,000 grant.

Commercial Loan Program

Baltimore County will provide a commercial loan in order to assist County Businesses to comply with the SAFE Act. Proceeds of the loan can be used for the purchase of security equipment and for security improvements to real property. Loan applications will be reviewed and approved based upon the financial strength of the applicant and the available collateral to secure the loan. The outline of the program is as follows:

  • Term Loan: five years
  • Interest Rate: zero percent
  • Personal Guarantees are required

All applicants must be in the process of obtaining the approval of the security plan by the Baltimore County Police Department (BCoPD). Funding will not take place until the BCoPD provides a written approval of the security plan.

Small Business Loan Fund

The Small Business Loan Fund provides real estate and fixed-asset loans through a partnership between Baltimore County and the area's leading financial institutions. The maximum loan amount is $1 million, or 40 percent of the project cost, whichever is less.

Applicants must obtain a loan commitment in an amount equal to at least 50 percent of the project cost from a bank participating in the Small Business Loan Fund:

  • BB&T
  • Bank of America
  • First National Bank
  • Fulton Bank
  • CFG Community Bank
  • Chesapeake Bank of Maryland
  • Orrstown Bank
  • Howard Bank
  • M&T Bank
  • Northwest Bank
  • Old Line Bank
  • PNC Bank
  • Peoples Bank
  • Revere Bank
  • Rosedale Federal Savings & Loan
  • Sandy Spring Bank
  • SunTrust Bank
  • TD Bank
  • The Harbor Bank of Maryland
  • Wells Fargo
  • Farmers & Merchants

Business Growth Loans

Business Growth Loans are direct loans or loan guarantees for new or expanding industrial or commercial businesses. Maximum loan amount is $250,000. Funds may be used to finance the acquisition and improvement of land, buildings, plant and equipment, including new construction or facility expansion.

Waterfront Business Improvement Loan Program

Baltimore County offers loans for qualifying waterfront businesses in Baltimore County. The funds can be used for exterior improvements including: bulkhead repair, slip renovations, signage, landscaping, facade improvements, etc. Funds are available for the lessor of 90 percent of the project cost, or $75,000. Loan terms are five years with zero percent interest.

Building Improvement Loan Program (BILP)

Building Improvement Loan Program (BILP) provides up to a $30,000 interest-free loan which can be used for exterior improvements such as awnings, landscaping and signage for businesses in one of 18 Commercial Revitalization Districts. This loan can be combined with other economic development incentives for larger projects. Some minor interior and equipment improvements may also be financed.

Contact us for more information about BILP and to download an application.

Tax Exempt Bonds

Tax Exempt Bond financing is available to manufacturers and 501(c)(3) non-profit organizations. Bond proceeds may be used to finance the acquisition and improvement of land, buildings, plant and equipment, including new construction or facility expansion. Bond financing is available from $2.5 million to a maximum of $10 million.

Other Funding Programs

In addition to Baltimore County financing programs, our partner organization also offer options for financing:

Maryland Industrial Development Financing Authority (MIDFA)

MIDFA encourages private sector investments with insurance, and the issuance of tax-exempt and taxable revenue bonds. Insurance reduces the lender's credit risk. All projects must be in a Priority Funding Area. While the transaction size is generally not limited, the credit enhancement is subject to the applicable program limits.

TEDCO: Technology Development Corporation

Whether contributing intellectual or financial resources, TEDCO qualifies concepts, management teams, and the potential market value of entrepreneurial innovation by supporting the enterprises with the greatest potential for success. Learn more about TEDCO.

Commercial Property Assessed Clean Energy (PACE) Loan Program

PACE offers loans for energy efficient and renewable energy projects for commercial, industrial, agricultural, hospitality, retail and multifamily properties. Loans are provided by private lenders and repaid as a long-term surcharge on the real property tax bill. The surcharge stays with the property upon change in ownership.

The County participates in the statewide MD-PACE program, administered by PACE Financial Servicing. Commercial property owners, contractors and lenders may visit the MD-PACE website or call the Maryland Clean Energy Center at 443-949-8505.

Revised September 3, 2020         


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