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.

Small Business Capital and Growth Stimulus Fund

Small Business Capital and Growth Stimulus Fund

Whether you’re planning to start a Prince George’s County based business, grow or expand your existing business, hire new employees or retain the ones you have, the Small Business Capital & Growth Stimulus Fund is here to support you.

Program Details

FSC First is a designated Fund Manager for the Small Business Capital and Growth Stimulus Fund. Funds are provided for Prince George’s County businesses seeking business expansion, business capacity-building, business retention, job creation and job retention. There are dedicated funds for tech startups and tech expansion. Businesses can qualify for a loan and/or a grant.

  • Loans: Up to $75,000
  • Loan Term: Up to 10 Years
  • Interest Rate: 0% APR with a 12-month payment deferment after the business receives the funds
  • Grants: Up to $10,000

Eligible Businesses include those:

  • Located within the beltway (the area in the County between the border with the District of Columbia and the Capital Beltway); or
  • Within one-quarter mile of transit station; (Capitol Heights; Addison Road; Morgan Boulevard; Largo Town Center; Cheverly; Landover; New Carrolton; West Hyattsville, Prince George’s Plaza; College Park; Greenbelt; Southern Ave; Naylor Road; Suitland; Branch Ave); or
  • Within one of the primary or secondary growth sectors outlined in the approved economic development strategic action plan for Prince George’s County (Federal Government; Hospitals and Health Services; Information Technology Services; Research Intensive Technologies).

Qualifying Recipients:

  • Must be a registered business in good standing with the state and county at the time of award; and
  • Remain a County-based business for at least the next sixty (60) months of the business’s existence after receipt of the award, as a written condition of acceptance of the award.
  • Additionally, be a locally owned and operated business.

Here's why you should choose the Small Business Capital & Growth Stimulus Fund for your loan needs:

  • 0% APR & 12 Month Deferment
  • Up to $75,000 Loans
  • Up to $10,000 Grants
  • Dedicated funds for start-ups and tech expansion

 

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