Contract Financing Program (Maryland)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maryland


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
Active Policy Yes
Implementing Sector State/Province














Program Administrator Maryland Department of Business and Economic Development
Primary Website http://www.mmgcapitalgroup.com/interior.cfm?page=cfp


Last Review 2014-09-15



Summary

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.


Policy Contact

Contact Name Robin Harris
Department Maryland Department of Business and Economic Development
Division Maryland Small Business Development Financing Authority
Address 826 East Baltimore Street
Place Baltimore, Maryland
Zip/Postal Code 21202
Phone 410.333.4270




Authorities (Please contact the if there are any file problems.)

Authority 1: Economic Development Article, 5-517 through 5-532, Annotated Code of Maryland


















References