Maryland Capital Enterprises provides funding for small and micro businesses that wish to start or expand their businesses. We are the only micro-enterprise organization in the state of Maryland certified as SBA, USDA and CDFI Intermediary Lender.

MCE is funded through Federal and State grants, as well as private contributions, foundation funding and fundraising efforts.

MCE has assisted over 4,800 entrepreneurs, provided training to more than 4,000 individuals, assisted in 290 small business start-ups and/or expansions, assisted in creating and retaining over 500 jobs, and has made over $9.5 million in loans to small business owners as of 2017.

Micro Lending is the extension of very small loans (microloans) to entrepreneurs who have difficulty accessing the capital they need to start or grow their business. These individuals may be start-ups or lack collateral, steady employment and a verifiable credit history and therefore cannot meet the minimal qualifications to gain access to traditional credit. These loans typically go to businesses that employ fewer than 10 people, need $50,000 or less in capital and do not have access to traditional lending sources such as banks.

Start-up Loans

Maryland Capital Enterprises, Inc. (MCE) provides small business loans to businesses located in MCE’s Service Area: Wicomico, Worcester, Somerset, Dorchester, Talbot, Caroline, Queen Anne’s and Kent counties of the Maryland’s Eastern Shore and also Baltimore City, Anne Arundel and Baltimore counties.

Our goal is to support businesses that provide a service or product to the surrounding community, help businesses open their doors and provide them with business training and mentoring needed to succeed.

Expansion Loans

Maryland Capital Enterprises, Inc. (MCE) provides small business loans to businesses located in MCE’s Service Area: Wicomico, Worcester, Somerset, Dorchester, Talbot, Caroline, Queen Anne’s and Kent counties of the Maryland’s Eastern Shore and also Baltimore City, Anne Arundel and Baltimore counties.

You must be in business for at least 3 years to qualify for the higher loan amount and have 3 years of tax returns to present to the committee.

Consulting and Technical Assistance

Maryland Capital Enterprises offers free one-on-one counseling to future business owners. This consultation can include but is not limited to:

  • A business consulting session with the prospective applicant
  • An initial assessment—includes a review of business idea and feasibility of the plan
  • A business start-up checklist is provided
  • Startup cost identification; business plan development, marketing plan assistance and financial projection (cash flow) assistance is provided in subsequent sessions
  • Information on legal description of business, registering a business is discussed
  • Importance of credit and collateral is reviewed and discussed
  • Filling out a small business loan application, personal financial statement, and other related forms, if applicable
  • Small business training courses are recommended