Flexible financing to help Baltimore businesses invest, expand, and grow.
Whether you’re purchasing equipment, financing commercial improvements, or seeking working capital, BDC’s loan programs provide financing designed to support business investment throughout Baltimore City.
Overview
BDC offers several loan programs with flexible financing options that support business growth and investment. Compared to many traditional lenders, BDC’s programs are designed to help businesses access capital for projects that strengthen Baltimore’s economy and neighborhoods.
Loan financing may be available for:
- Working capital
- Business acquisition
- Leasehold improvements
- Furniture, fixtures, machinery, and equipment
BDC’s loan programs are available to a variety of business types operating in Baltimore City.
Eligible applicants include:
- Sole proprietorships
- Partnerships
- Corporations
- Limited Liability Companies (LLCs)
Applicants should generally:
- Operate within Baltimore City or be relocating operations to Baltimore City
- Demonstrate sufficient cash flow to support loan repayment
- Be current on all federal, state, and local taxes
- Have no outstanding judgments or liens
Additional requirements may vary.
To help expedite the review process, applicants should be prepared to provide:
- Personal tax returns
- Business tax returns
- Current bank statements
- Interim financials
- Current debt schedules
