President's Message

FSC First is recognized as the premier lender of non-traditional financing for small and minority-owned businesses in the State of Maryland.

A Letter from Shelly M. Gross-Wade – President & CEOPrint This Page

Welcome to FSC First,

Our website is designed to be an online resource for you.

FSC First was founded in 1978 and remains a 501 c (3) non-profit organization. We have earned three distinct designations that aid us in achieving our stated mission – to provide small business owners with access to innovative and creative financing solutions through direct and indirect loans.



As a CDFI, designated by the U. S. Department of Treasury, we operate a $4.0 Million revolving loan fund. This public private partnership is comprised of funding support from Prince George’s County, MD, 12-15 local and regional bank institutions, and FSC First.  Our loans are typically secured by business assets and deficiency guarantees.  As a CDFI, we are accustomed to offering creative and extended terms and conditions customized in accordance to need of each borrower.

The revolving loan fund, marketed as the Small Business Growth Fund, is a strategic partnership and represents bank commitments from Branch Banking & Trust (BB&T), The Columbia Bank, Industrial Bank, Old Line Bank, PNC Bank, Revere Bank, Sandy Spring Bank, Sona Bank, SunTrust Bank, TD Bank, Wells Fargo Bank.



FSC First is ranked the #1 SBA Community Advantage Lender in the Washington Metropolitan Area.  As a Community Advantage Lender we qualify for unilateral authority to make direct loans that are eligible for a 75% – 85% guarantee throughout the life of the loan from the SBA.  These loans typically range from $25,000 to $250,000 and may have terms of up to 10 years, or longer.  The loan proceeds may be used for any legitimate business purpose.



FSC First is certified to market, underwrite, close, fund and service fixed asset loans under the SBA 504 program. These loans typically range from $250,000 to $5.5 Million and may have terms of 10 years for machinery and equipment or 20 years for owner-occupied, commercial real estate.  The loan proceeds may be used for land acquisition, facility acquisition and modernization, as well as machinery and equipment.


As an Lender Service Provider, we outsource our expertise to other loan fund managers; and currently serve as the administrator of the Prince George’s County Economic Development Incentive Fund (EDI), Prince George’s County HUD 108 Program, the City of Bowie Revolving Loan Fund, and the Maryland Department of Housing & Community Development Micro Enterprise Loan Fund; to name a few.

To expedite the pre-qualification process, please use our universal Loan Application Form and Checklist that are available under the APPLY NOW tab on our website.

Of course, our dynamic team of professionals is available to assist you throughout the entire loan application process. Please contact us at 301.883.6900 to explore our financing options, to expand your local operations, and experience the creative approaches we take to meet and exceed your expectations.


Shelly M. Gross-Wade
President & CEO