FSC FIRST PROGRAMS
FSC First provides access to financing to small and minority businesses through many 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.
COMMERCIAL LINE OF CREDIT (LOC)
The Commercial Line of Credit (LOC) provides accessible capital to help small businesses grow and thrive. A business line of credit is a flexible form of small business financing. You can borrow against it up to a preset limit and only pay interest on the amount that you’ve borrowed. A revolving credit line can help cover short-term business goals, cash flow needs, and unexpected costs.
Program Details
Flexible, State-Supported Funding for Maryland Small Businesses
A business line of credit is a flexible form of small business financing. You can borrow against it up to a preset limit and only pay interest on the amount that you’ve borrowed. A revolving credit line can help cover short-term business goals, cash flow needs and unexpected costs.
The Commercial Line of Credit (LOC) provides accessible capital to help small businesses grow and thrive. Funds may be used for a range of eligible expenses, including:
- Working capital needs
- Unexpected expenses
- Short-term projects
- Startup expenses
- Inventory purchases
- Leasehold improvements
- Furniture, fixtures, and equipment (FF&E)
Collateral includes business and personal assets, personal guaranties required.
Geographical proximity to casinos.
SBA classified as a small business.
Other requirements apply.
Program Snapshot
Loans
$10,000 – $100,000
Loan Term
Up to 3 years, with potential for renewal
Interest Rate
Will be determined at the time of underwriting
