Neighborhood BusinessWorks Loan to Lender Program
The NBW Loan to Lender Program provides SSBCI capital to CDFIs for relending to Maryland small businesses.
About this program
The Neighborhood BusinessWorks Loan to Lender Program is an SSBCI participating program designed exclusively for Community Development Financial Institutions that will relend capital to Maryland small businesses. The program combines SSBCI funds with required private capital match and targets loans to small businesses of up to $350,000, focusing on businesses owned and operated by socially and economically disadvantaged individuals, very small businesses, and CDFI investment areas.
Eligibility
Community Development Financial Institutions seeking capital to relend to Maryland small businesses, especially SEDI-owned businesses, very small businesses, and businesses in CDFI investment areas.
Requirements
- Applicant must be a Community Development Financial Institution.
- Funds must be used for relending to Maryland small businesses.
- Relending must be combined with required private capital match.