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Maryland Small Business Development Financing Authority (MSBDFA)

MSBDFA promotes the viability and expansion of all small businesses in Maryland. It has a focus on businesses owned by economically and socially disadvantaged entrepreneurs.

MSBDFA uses include working capital, supplies and materials, machinery and equipment acquisition, acquisition of real estate, and leasehold improvements. Other uses include the purchase of an existing business or obtaining bid,  financing of  contracts, which receive the majority of their funding from federal, state, local government, or regulated utilities. MSBDFA can also provide bid, payment, and performance bid, payment, and surety bonds.

SSBCI Funding Available through MSBDFA 

Maryland was approved by the U.S. Treasury to administer up to $198 million in federal assistance, including subsequent performance-based funds, through the State Small Business Credit Initiative (SSBCI). The funding is distributed through various existing business lending programs, including MSBDFA, which received $45 million. 
  • The University of Maryland Small Business Development Center is now taking requests for SSBCI Technical AssistancePlease click here for more information or contact Eric Marshall at


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

  • Contract Financing Program
  • Equity Participation Program
  • Long Term Guaranty Program
  • State Small Business Credit Initiative
  • Surety Bonding Program


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


It is highly recommended that prior to applying for MSBDFA funding to visit the Meridian Management Group website to review the full MSBDFA guidelines, qualifications, and frequently asked questions.

To apply to receive funding through MSBDFA, please complete this online application.

NOTE: Before completing an application, users are required to create an account. Please click “Register” on the online application webpage to create an account before proceeding to complete the application. After you create an account, you will receive an email with further instructions to apply.

If you have an existing account in the Maryland Commerce Financial Incentive Program Application Portal, and there is already an account associated with the email address used, click “Log In” to proceed, or “Forgot Password” if you do not remember your credentials. 

For assistance with the application form, please contact:
Robin Harris
Meridian Management Group, Inc.
410-333-4270, ext. 329

Electronic Funds Transfer (EFT) Program

The state of Maryland requires all contractors to be registered to receive state payments by electronic funds transfer (EFT) before any contract exceeding $200,000 is approved by the Maryland Board of Public Works. Additionally, all vendors are encouraged to register to be paid electronically. The State has the ability to process vendor payments electronically using the CCD and CCD+ and CTX payment formats.

The CCD+ payment format will contain summarized information and will not provide details concerning each invoice amount included in the check total. However, vendors may obtain the detailed information on an electronic payment via the One Stop Vendor Payment Inquiry System. The CTX payment format will contain the total payment amount and details concerning each invoice amount included in the check total.

Vendors must contact their bank in order to receive the CTX format, and the depositing bank may charge a fee for this format. Vendors need to discuss potential charges with their bank. If you want to receive all payments from the State using the Electronic Funds Transfer program, complete and submit form GADX-10 (fax or mail.)

Fax: 410-974-2309
Mailing address:
EFT Registration
General Accounting Division
P.O. Box 746
Annapolis MD 21404-0746


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.