Disadvantaged businesses that are based in Maryland can get assistance. The is financial aid (including free grants or loans), support (including coaching or counseling), technical assistance (marketing, sales help, etc.) and much more for minorities and women owned companies. Find how and where to apply for free government small business grants near you, loans from lenders, and other support in Maryland below.
The assistance is for small to mid-sized businesses as well as startup companies. A focus is on the disadvantaged, including veterans, LGBTQ, Black or Latino owned, Asian companies, and others. However, any business in Maryland can apply for funds or technical help.
The list of grant programs, loans, government assistance programs and other resources listed below is updated daily. Most of the funds are paid out to qualified applicants on a first come-first served basis. However referrals and counseling can also be arranged.
Find Maryland grant and loan programs for minorities and women owned businesses
Any business can apply, regardless of gender, race, age, or ethnicity. All of the charities, lenders, or government agencies will allocate some of the funds to female owned companies as well as minorities. Or it is possible to attend free workshops, classes, networking events, and other small business development programs.
Baltimore Business Lending is giving grants to small businesses that located in Baltimore City. There will be free grants provided to up to 30 qualified small businesses. Each qualified applicant will be given up to $10,000. It is for a small to mid sized business that is in operation, and the total revenue needs to be under $750,000 per year. In addition to this program, there are also microloans for start-ups, mentoring for black and Latino businesses, workshops, classes, and free advice. The goal is to help people start and/or grow an existing business. Learn more here. https://baltimorebusinesslending.org/
The Baltimore Development Corporation is providing grants to small businesses in the city. Up to $15,000 will be paid out to each qualified company. Female owned small businesses, Black owned companies, Asians, Veterans, disabled, and other minority groups can apply as can white owned companies. A focus is on COVID-19 relief, with the free grants eligible to pay for rent, utility bills, operating costs, and other costs. Small business owners can also attend networking events, go to classes, enroll into coaching and more. Learn more here. https://www.baltimoretogether.com/
By Jon McNamara