For most, a Maryland Capital Enterprises loan will be their first business loan. In the peer lending program, Maryland Capital Enterprises does not decide who can receive a loan, nor do we require a business plan, a credit check or collateral. Participants join and work closely with a Business Loan Group made up of three to eight other small business owners.
Members apply to their group for loans.
Working closely within a Business Loan Group gives members the incentive to take their business seriously. Need financial, marketing and management support and business training.