FSC FIRST PROGRAMS
FSC First provides access to financing to small and minority businesses through 5 distinct loan products. The loans are a product of public-private partnerships between a consortium of participating banks, Prince George’s County, the State of Maryland and FSC First.
CITY OF BOWIE LOAN FUND
FSC First is the designated Fund Manager for the City of Bowie Revolving Loan Fund which provides businesses with assistance for costs associated with leasehold improvements, equipment purchases, working capital expenditures, and human capital increases for the purpose of expanding their already-established business.
Program Details
The City of Bowie Revolving Loan Fund provides businesses with assistance for costs associated with leasehold improvements, equipment purchases, working capital expenditures, and human capital increases for the purpose of expanding their already-established Bowie-based business.
- Collateral: Business and Personal Assets
- Personal Guarantees required
- Businesses located in Bowie ONLY
- Loan ranges up to $50,000
- Loan terms ranges 2-10 years max
Program Snapshot
Loans
Up to $50,000
Loan Term
2 to 10 year maximum term
Interest Rate
Wall Street Journal Prime Rate plus up to 6%
