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Find similar grantsMaryland Economic Adjustment Fund (MEAF) is sponsored by Maryland Department of Commerce. Provides loans to small and underserved businesses for modernization, technology development, and market expansion.
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Maryland Business Funding | MEAF | Maryland Department of Commerce Turn on more accessible mode Turn off more accessible mode Our Alert Agency Alert will go here Maryland Economic Adjustment Fund (MEAF) programs-for-businesses > Maryland-Economic-Adjustment-Fund-(MEAF) Maryland Economic Adjustment Fund (MEAF) MEAF provides loans of up to $150,000 for small and underserved businesses with fewer than Note: New applications for the program are presently being accepted.
The submission of an application is not as assurance of approval. MEAF enables small businesses to upgrade or modernize operations, develop or expand commercial applications for technology or enter into and compete in new or different markets. Eligible businesses include manufacturers, wholesalers, retail, technology firms, service companies and skilled trades.
Funds can be used for working capital, equipment, building renovation, real estate acquisition and site improvements. Funding assistance through MEAF is available to small businesses in all regions of the state. Applicants must demonstrate credit worthiness, ability to repay the obligation, and an inability to qualify for loans from traditional lending sources.
Commerce will review and process each application using standard commercial credit criteria to determine whether it meets the Program’s financial and other requirements for loan approval. Commerce will recommend approval of financing for the projects deemed to present the best chance of succeeding. Visit this page to learn about the availability of funds.
Applications must be submitted to the Maryland Department of Commerce. The following additional information will be required for the Department to evaluate your application: Business Plan, with 3 year's projections, cost budget and sources & uses of funds. Current Personal Financial Statement (request form).
A listing of all owners and percentages of ownership. Resume of principal owner(s). Personal Federal Tax Returns with all Schedules (most recent two years).
Business Federal Tax Returns with all Schedules (most recent two years). Explain the amount of personal or business funds to be contributed to the project. Explain the type of collateral to be provided to secure the loan.
For more information about the program, eligibility details and how to obtain an application, send your inquiry to [email protected] . A member of the Commerce team will respond to your inquiry in a timely manner or contact: Celester A. Hall P rogr am Manager, Office of Finance Programs M aryland Department of Commerce
Based on current listing details, eligibility includes: Small businesses with fewer than 50 employees in Maryland. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Up to $150,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.