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.
STRIVE FOR 35 LOAN FUND
FSC First is a designated Fund Manager for the Washington Gas Strive for 35 Loan Fund. This loan is geared towards diverse vendors who are interested in working in the natural gas industry and may have difficulty obtaining capital through traditional sources. The fund is provided to assist minority-owned, women-owned and service-disabled veterans interested in serving the natural gas industry such as underground pipe and fitting, paving, engineering, hauling and removal, general construction, catering, staffing and employment agencies and other businesses whose services are needed by natural gas utilities.
Program Details
The Strive for 35 Fund (SF 35 Fund) seeks to offer opportunities for diverse vendors who are interested in working in the natural gas industry and may have difficulty obtaining capital through traditional sources. Our objective is to offer a lending tool to Maryland certified diverse suppliers that may otherwise be facing difficulty in obtaining loans to finance operations. The Strive for 35 Loan Fund, supported by Washington Gas is provided to assist minority-owned, women-owned and service-disabled veterans interested in serving the natural gas industry such as underground pipe and fitting, paving, engineering, hauling and removal, general construction, catering, staffing and employment agencies and other businesses whose services are needed by natural gas utilities.
- Personal Guaranty: Required
- Prepayment Penalty: No
- Application Fee: 1% of Loan Amount
Program Snapshot
Loan Amount
$10,000-$50,000
Loan Term
Up to 5 years (depending upon fund availability )
Interest
Up to 7%
