You can borrow between $1,000 and $100,000 at no interest for a small business, with one to eight years to repay. If you are a reserve component member called to active duty, the loan covers documented business costs caused by the call-up. If you are a service-connected disabled veteran, own a business or employ one, the loan can also pay to make a home, vehicle or workplace more accessible, and cover other necessary expenses.
Apply through the Maryland Department of Commerce, which posts availability on its program page. For help, call 410-767-6356 or email veteran.mpvoloanfund@maryland.gov.
Your business financials and employee count, your DD214 or active duty orders, VA rating documentation if you are applying as a disabled veteran, and documentation of the costs you want the loan to cover.
