Our Products

Our Products offered under the MSBDFA & MCBIF state of Maryland Managed Funds

LINES OF CREDIT TERM LOANS SURETY BOND EQUITY INVESTING
Types of Financial Assistance Loan guaranty.
Equity guaranty.
Direct loan.
Guaranty of a Bank loan up to 80%.
Direct Loan.
Guaranty of surety bonds.
Direct issuance of surety bonds. Establishment of surety bonding lines.
Loan.
Investment.
Guaranty of investment.
Amounts Available Maximum payable under loan guaranty not to exceed $2,000,000.
Up to $2,000,000 direct loan.
Loan amount not less than $25,000.
Maximum payable under loan guaranty not to exceed $2,000,000.
Guaranty up to lesser of 90% or $2,250,000 of surety losses.
Direct bonds not more than $2,500,000 each.
Not to exceed $2,000,000.
Eligible Uses Working capital and equipment. Working capital.
Refinancing debt.
Machinery & Equipment.
Improvements to real property leased or owned.
Acquisition of real property used in business.
Bid, payment & performance bonds related to contracts funded by government agencies, public utilities, or private entities. Working capital; purchase of inventory, equipment, or real property; construction/renovation; leasehold improvements.
View our products provided by the MSBDFA & MCBIF Programs

Managed Funds

Community Development Ventures, L.P.
MMG Ventures, L.P.

MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY (MSBDFA)

The Maryland Small Business Development Financing Authority (MSBDFA) was created by the Maryland General Assembly in 1978 to assist in the development of socially or economically disadvantaged entrepreneurs in the creation of Maryland businesses. MSBDFA’s financing activity is supported through the repayment of loans, generation of interest income and the collection of fees.

MARYLAND CASINO BUSINESS INVESTMENT FUND (MCBIF)

MMG has been designated as one of the managers for the Video Lottery Terminal Fund Pool. The Company manages and invests the capital into businesses located within the Targeted Areas and throughout the State of Maryland. The name MMG has chosen for the fund is the Maryland Casino Business Investment Fund (“MCBIF”).

What is a Term Loan?

A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate. Term loans almost always mature between one and 10 years.
(Investopedia.com)

Types of Financial Assistance

Guaranty of up to 80% of P&I on long-term loans.
Direct Loan.

Amounts Available

Loan amount not less than $5,000.
Maximum payable under loan guaranty not to exceed $2,000,000.

Eligible Uses

Working capital.
Refinancing debt.
Machinery & Equipment.
Improvements to real property leased or owned.
Acquisition of real property used in business.

Need more information about Term Loans?
Let’s talk about it.

    What is Surety?

    The guarantee of the debts of one party by another. A surety is the organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is unable to make the payments. The party that guarantees the debt is referred to as the surety, or as the guarantor.
    (Investopedia.com)

    Types of Financial Assistance

    Guaranty of surety bonds.
    Direct issuance of surety bonds. Establishment of surety bonding lines.

    Amounts Available

    Guaranty up to lesser of 90% or $2,250,000 of surety losses.
    Direct bonds not more than $2,500,000 each.

    Eligible Uses

    Bid, payment & performance bonds related to contracts funded by government agencies, public utilities, or private entities.

    Need a Surety Bond to qualify for a contract?
    Let’s talk about it.

      What is a line of credit?

      An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain. The borrower can draw down on the line of credit at any time, as long as he or she does not exceed the maximum set in the agreement.
      (Investopedia.com)

      Types of Financial Assistance

      Loan guaranty.
      Equity guaranty.
      Direct loan.

      Amounts Available

      Maximum payable under loan guaranty not to exceed $2,000,000.
      Up to $2,000,000 direct loan.

      Eligible Uses

      Working capital and equipment.

      Need to finance a contract or a series of contracts that your company has with a Government Agency, Regulated Utility, or Private Entity?
      Let’s talk about it.

        What is Equity Investing?

        An equity investment generally refers to the buying and holding of shares of stock on a stock market by individuals and firms in anticipation of income from dividends and capital gains, as the value of the stock rises.
        (wikipedia)

        Types of Financial Assistance

        Loan.
        Investment.
        Guaranty of investment.

        Amounts Available

        Not to exceed $2,000,000.

        Eligible Uses

        Working capital; purchase of inventory, equipment, or real property; construction/renovation; leasehold improvements.

        Looking for an equity partner to scale your business?
        Let’s talk about it.