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Maryland Small Business Development Financing Authority (MSBDFA)

​MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs.

MSBDFA uses include working capital, supplies and materials, machinery and equipment acquisition, land acquisition or real estate improvements. Other uses include the purchase of an existing franchise, construction or renovation and franchise fees or obtaining bid, performance and payment bonds for contracts, which receive the majority of their funding from federal, state or local government.

MSBDFA COVID-19 Emergency Relief Loan Fund

Beginning July 20, 2020, this MSBDFA Fund provides emergency financial relief to businesses that have experienced economic hardship due to the COVID-19 pandemic crisis with low interest rates and low documentation loans to eligible Maryland businesses. Five-year term loans ranging from $25,000 to $200,000 will be available with an interest rate of  0% for the first 12 months and 2% for the remaining term of the loan.



A private contractor manages the MSBDFA components and the Maryland Department of Commerce provides financing for the approved small businesses. Programs include:

  • MSBDFA COVID-19 Emergency Relief Loan Fund
  • Contract Financing Program
  • Equity Participation Program
  • Long Term Guaranty Program
  • Surety Bonding Program


MSBDFA clients include all small businesses unable to obtain adequate business financing on reasonable terms through normal financing channels.


For general information about MSBDFA contact:

Randy Croxton, Chief Investment Officer
Meridian Management Group, Inc.


Visit the Small Business Development Financing Authority​ page to see information about ​MSBDFA meetings.