Military Personnel and Veteran-owned Small Business Loan Program
The Maryland Department of Commerce administers a unique loan program for businesses owned by military reservists, veterans, National Guard personnel as well as small businesses that employ such persons. The Military Personnel and Veteran-owned Small Business Loan Program provides no interest loans up to $50,000 with a repayment period of one to eight years. Eligible applicants include veteran-owned small businesses, businesses owned by military reservists and National Guard members called to active duty, and small businesses with fewer than 50 employees that employ them. This program has limited funding. New applications will be accepted from July 1 though August 30. Visit the web page below for complete details and apply today.