Contract Financing Program (Maryland)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maryland|
|Name||Contract Financing Program (Maryland)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Maryland Department of Business and Economic Development|
The Contract Financing Program, administered by the Maryland Small Business Development Authority, provides financial assistance to eligible businesses in the form of a direct loan or the guaranty of loans made by a financial institution. The funds may be used for working capital, equipment purchase, and to complete work on contracts where a majority of the funds are provided by federal, state, local government, or a utility regulated by the Public Service Commission. Financing is limited to $1,000,000.
|Contact Name||Robin Harris|
|Department||Maryland Department of Business and Economic Development|
|Division||Maryland Small Business Development Financing Authority|
|Address||826 East Baltimore Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Economic Development Article, 5-517 through 5-532, Annotated Code of Maryland|