Flexible term loans and guarantees to help businesses achieve their financial goals, with personalized terms, competitive rates, and collateral-backed security.
Boost your cash flow with contract financing lines of credit, enabling quick access to funds and mobilization support for new projects.
Gain access to tailored equity investment solutions designed to support early-stage companies with high growth potential, offering flexible financial instruments and competitive terms.
Comprehensive surety bonding services to meet contract requirements, including bid, payment, and performance bonds for projects across various sectors.
We offer term loans and loan guarantees. Our loans are based on a company’s ability to generate sufficient cash flow to cover the debt service or loan repayment. As compared to other lenders, we have flexibility with our loan terms to make the loan more affordable which increases the likelihood of the borrower repaying the loan. Business assets will need to be pledged to collateralize the loan. In most cases, personal assets and personal guarantees by individuals who own 20% or greater of the business seeking financing will be required to collateralize the loan. Corporate guarantees may be required depending on the specific facts and circumstances of a loan request.
We offer loan guarantees up to 80% of principal and interest payments on loans from participating banks or financial institutions.
Most entrepreneurs need a commercial line of credit because their customers generally send them payments 60 – 90 days after a billing cycle. We offer a unique line of credit that is designed to assist entrepreneurs with increasing their cash flow and liquidity from contracts with governmental agencies, public utilities and private enterprises. The contract financing line of credit advances up to 80% of a customer billing invoice (or up to 50% of a purchase order) less than 90 days old to the entrepreneur within 24 to 48 hours of submitting a request. As a condition for the funding advance, the entrepreneur will be required to (i) sign a notice of assignment of contract proceeds for the payment to be sent directly to us from your customer or (ii) sign a change of remittance address letter for the payment to be sent directly to us (the assignment). After we deduct your loan payment, any residual amount would be remitted to the entrepreneur within 24 to 48 hours of receipt of payment.
In addition, we offer mobilization funding that can be used by the entrepreneur to make purchases and initial payroll in advance of starting a new contract. Mobilization funding is a component of the contract financing line of credit. The funding is structured as a short-term loan that can be repaid within a 10-month period. The other loan terms are consistent with the contract financing line of credit.
We make equity investments in early-stage companies that have high growth potential. We co-invest with other investors and are not typically the lead investor in any round of financing. We use various financial instruments to invest in high growth companies such as preferred stock, convertible notes, simple agreements for future equity (SAFE), warrants and other financial instruments with equity features. Our investment terms are consistent with other investors in the transaction or investment round. We anticipate an exit within 3 to 7 years from the date of investment. We expect a 2x or greater return on investment. Investments are considered on a case-by-case basis.
We offer surety bonds to entrepreneurs who are required to obtain bonding for a project or contract. As the surety (or guarantor), we assume the responsibility of paying the debt of the entrepreneur (debtor) if the debtor is unable to make payments or perform under the terms of the contract (default) with the entity requiring the bond (obligee). We provide direct issuance of surety bonds or guaranties of surety bonds. We also provide bid, payment and performance bonds for contracts awarded by government agencies, public utilities and private enterprises.
Amounts Available: Guaranty up to the lesser of 90% or $2,250,000 of surety losses. Direct bonds up to $2,500,000
MMG Capital Group, Inc. (MMG) manages two funds under the Maryland Department of Commerce, the Maryland Small Business Development Financing Authority (MSBDFA) and the Maryland Casino Business Investment Fund (MCBIF). These funds offer affordable flexible financing products including lines of credit, term loans, surety bonding, contract financing, and equity financing on reasonable terms to Maryland-based businesses, in particular businesses who may have credit challenges, collateral gaps, and limited financial resources.
826 E. Baltimore Street
Baltimore, MD 21202
(410) 333-4270
mmgdeal@mmgcapitalgroup.com
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Taber J. Small is a Vice President and Loan Officer for MMG Capital Group. Prior to joining MMG, Mr. Small was an experienced commercial lender with previous employment at Bank of America, Wells Fargo, PNC, JP Morgan Chase and recently WesBanco Bank as a Senior Vice President Commercial Banker in middle market banking. During his tenure as a banker, he received numerous star banker awards and received the Omega Commercial Lending Advanced Credit Training Certificate of Achievement. He is a graduate of the University of Connecticut with a B.A. in Economics.
Mr. Taber is also very involved in the community and serves on numerous boards of organizations such as Associated Black Charities, Baltimore City Chamber of Commerce, 29th Street Community Center and NPOWER. He also serves on the development committee of the Reginald F. Lewis Museum and is a member of the Platinum Center Club based in Baltimore.
Contract Financing Program (CFP) provides financial assistance to eligible businesses in the form of direct loans. The funds may be used for working capital and the acquisition of equipment needed to begin, continue, or complete work on contracts where a majority of funds are provided by a federal, state or local government agency or utilities regulated by the Public Service Commission. Financing is limited to $2,000,000 and must be repaid during the term of the contract(s). Applicants may qualify for financing prior to contract award. Financings in the form of revolving lines of credit are renewable on an annual basis.
General Eligibility:
Maximum Policy Limits: Loans Provided Directly by MSBDFA $2,000,000
Interest Rates: Generally Prime Rate + 2% Payments: Principal and interest are payable as contract proceeds are received, in amounts satisfactory to MMG and the Authority. All Payments must be assigned to MSBDFA
Term: Duration of the Contract(s)
Use of Proceeds: Working Capital, Purchase of Machinery and Equipment, Supplies and Materials (Required to perform the contracts)