SSBCI

States Small Business Credit Initiative (SSBCI)

Minority business owner signing contract paper

Discover Maryland's State Small Business Credit Initiative (SSBCI) – a federally funded program designed to offer crucial loans and investments to the Maryland's small businesses. Aimed at providing ongoing support during the pandemic, this initiative opens doors to capital for businesses facing challenges due to social, geographic, and economic factors.

How Does Maryland Business Opportunity Center (MBOC) Help?

  • Facing rejection for a Small Business Loan or Line of Credit?

    Unlock the door to financial possibilities with MBOC's complimentary financial advisory consulting services. Wondering what this entails? If your personal financial history led to the denial, our consultants are ready to engage with you individually, guiding you through the process of rebuilding your financial profile. Say goodbye to setbacks and hello to a brighter financial future with MBOC by your side.

  • Looking to fortify your small business credit?

    Explore the possibilities with MBOC's complimentary one-on-one consulting tailored to help you build and strengthen your small business credit. Unleash a world of opportunities for scaling your business by empowering it with a robust credit foundation. Let MBOC be your partner in the journey to small business success.

  • Exploring the State's Small Business Credit Initiative (SSBCI)?

    Look no further! MBOC is your vehicle to propel your business to financial success. Proudly serving as the technical assistance grantee for SSBCI, we're thrilled to guide you on the path to victory. Take the first step towards building a solid financial foundation for your small business by registering now with MBOC. Your journey to financial success begins here.

Loan approved message on laptop computer screen

Who's eligible?

Maryland-based small businesses with fewer than 500 employees, including for-profit and nonprofit entities.

Use the funds for:

  • Launching or expanding your business
  • New construction or rehabilitation of owner-occupied spaces
  • Machinery and equipment
  • Real estate acquisition for owner-occupied spaces
  • Manufacturing, service providers, and retail businesses

Funding criteria:

  • Requires a 1:1 private capital match from a lender or investor
  • Priority for businesses in a CDFI Investment Area
  • Emphasis on very small businesses (< 10 employees)
  • Preference for Socially and Economically Disadvantaged Individual-led businesses

Ensure your business meets the cash flow and collateral requirements for loans. Seize this opportunity to fuel your business growth with Maryland's SSBCI – a pathway to financial empowerment!

What do we offer?

  • Financial Advisory Consulting
  • Financial Webinars and Workshops
  • Loan Packaging Assistance
  • Accounting and Bookkeeping Assistance
  • Business Plan Assistance
  • Networking Opportunities

Our Partners

Register Now

Small Business Administration logo
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