Micro Loan Program

MCBIF’s micro loans are designed to enhance small business growth. Eligible uses are leasehold improvements, equipment purchases, and working capital. If you would like to apply, MMG has partnered with Prince George’s Financial Services Corporation (FSC First) and The Biz Center to provide micro loans.

  • Loans: Ranging from $5,000 – $35,000
  • Loan Term: 2 to 5 years
  • Interest rate: Wall Street Journal Prime Rate plus 3% – 6%
  • Collateral: Business and Personal Assets, where applicable
  • Personal Guaranties are required
  • Geographic Constraints: State of Maryland

FSC First’s mission is to provide small and minority-owned businesses access to creative, flexible, and innovative financing solutions for their operations. They accomplish this by providing direct loans, accounts receivable financing, and micro loans.

The Biz Center seeks to create economic development and training opportunities through residential, commercial, institutional and industrial development projects that enhance the communities it serves. The Biz Center strives to make a discernible difference in developing, training, and increasing the number of contracting opportunities for small, minority, women and disadvantaged businesses.

FSC First
1801 McCormick Drive
Suite 300
Largo, MD 20774
P: 301.883.6900
The Biz Center
5625 Allentown Road
Suite 107
Suitland, Maryland 20746
P: (301) 423-0524