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.

MICROENTERPRISE LOAN PROGRAM (MD DHCD)
FSC First is a designated Fund Manager for the Maryland Department of Housing and Community Development (MD DHCD). Eligibility includes leasehold improvements, equipment purchases, working capital expenditures, and human capital increases for the purpose of expanding an established business and feasible start-up.
Program Details
The Microenterprise Loan Fund (MD DHCD) is designed to provide micro loans to businesses located in sustainable communities designated by the Maryland Department of Housing and Community Development. Eligible uses are leasehold improvements, equipment purchases, working capital expenditures, and human capital increases for the purpose of expanding their established business and feasible start-ups.
- Collateral: Business and Personal Assets
- Personal Guarantees required
- Available to home-based businesses based on FSC First’s approval
- Now available to businesses located in Priority Funding Areas (PFA’s) and Sustainable Communities Statewide
Program Snapshot
Loans
Ranging from $5,000 – $50,000
Loan Term
2 to 5 year maximum term
Interest rate
Wall Street Journal Prime Rate plus up to 6%