10 Best Micro Lending Companies in Maryland, United States

If you are a small business owner in Maryland, you have several options when it comes to choosing a micro lending company. While there are many reputable companies to choose from, it is important to select the right one for your business from the best micro lending companies in Maryland, United States.

The wrong micro lending company can lead to higher interest rates, less flexible repayment terms, and a lower quality of service.  This blog will help you choose the micro lending company for your business from the below-mentioned list of 10 best micro lending companies in Maryland, United States. 

1. Baltimore Community Lending (BCL)

BCL is one of the best micro lending companies in Maryland, United States committed to promoting economic development and revitalizing underserved communities in the city.

It offers a range of financial products and services to support local businesses, including small business loans, commercial real estate loans, and lines of credit.

2. Maryland Capital Enterprises (MCE)

Maryland Capital Enterprises (MCE) is a non-profit organization that provides business support and access to capital for small businesses and entrepreneurs in Maryland. In addition, it offers a range of services to support local businesses, including business coaching, workshops, and training programs.

The organization also provides access to capital through its microloan program and other financing options, including SBA loans and alternative lending programs.

Micro Lending Companies in Maryland, United States

3. Maryland Small Business Development Financing Authority (MSBDFA)

MSBDFA is another one of the largest micro lending companies in Maryland that offer a range of financial products and services to support local businesses. It offers direct loans, venture capital investments, and loan guarantees.

So, you can expect technical assistance and business counselling to help small business owners and entrepreneurs navigate the challenges of starting and growing a successful business.

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4. Anne Arundel Economic Development Corporation (AAEDC)

AAEDC’s goal is to create a supportive environment for small businesses and entrepreneurs in the county. The organization provides resources and support to help businesses start, grow, and succeed, with a focus on promoting economic equity and providing opportunities for underrepresented communities.

5. Eastern Shore Entrepreneurship Center (ESEC)

The ESEC is one of the great micro lending companies in Maryland that offers a range of services to support local businesses, including business coaching, workshops, and training programs.

It also provides access to capital through its microloan program and works to connect entrepreneurs with resources and partnerships to help them succeed.

6. Frederick County Office of Economic Development (OED)

OED is a non-profit organization that provides small business loans and technical assistance to entrepreneurs in Frederick County, Maryland.

The organization offers loans ranging from $5,000 to $50,000 and provides flexible repayment terms. OED also offers training programs and workshops to help small business owners succeed.

7. Rockville Economic Development, Inc. (REDI)

REDI is a non-profit organization that provides small business loans and consulting services to entrepreneurs in Rockville, Maryland.

The organization offers loans ranging from $5,000 to $50,000 and provides flexible repayment terms. REDI also offers training programs and workshops to help small business owners succeed.

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8. NewtekOne Micro Lending Company

MBLA is a non-profit organization that provides small business loans and technical assistance to entrepreneurs in Maryland.

The organization offers loans ranging from $5,000 to $50,000 and provides flexible repayment terms. MBLA also offers training programs and workshops to help small business owners succeed.

9. Montgomery County Economic Development Corporation (MCEDC)

MCEDC is one of the best micro lending companies in Maryland, United States that provides small business loans and consulting services to entrepreneurs in Montgomery County, Maryland.

The organization offers loans ranging from $5,000 to $250,000 and provides flexible repayment terms. MCEDC also offers training programs and workshops to help small business owners succeed.

10. PNC Bank

PNC Bank is a national bank that provides small business loans to entrepreneurs in Maryland. The bank offers loans ranging from $10,000 to $100,000 and provides flexible repayment terms. 

Final Thoughts

The above-listed 10 best micro lending companies in Maryland, United States are the top choice of many startups and small business owners.

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