Baltimore is a city located in the state of Maryland in the United States. It's the largest city in Maryland, and the one of the most populous cities in the country. Baltimore has a rich history, dating back to 1729 when it was founded by Cecilius Calvert. The city is home to a number of iconic tourist destinations, including Fort McHenry National Monument and Historic Shrine, the National Aquarium, and Oriole Park at Camden Yards. Baltimore also has a thriving economy, with a number of major corporations headquartered in the city.
Advancepoint Capital is committed to supporting small businesses in Baltimore and the surrounding region. With our small business loans program, we provide funding up to $1,000,000 to help businesses grow and thrive.
Get A Small Business Loan in Baltimore
Whether you require financing for inventory, expansion, or working capital, Advancepoint Capital have a range of flexible solutions tailored to meet your unique business needs. Banks, credit unions, and online lenders all offer financing options that can be used for a variety of purposes. When you're considering a small business loan in Baltimore, it's important to compare interest rates, loan terms, and repayment options to find the best fit for your business needs.
Advancepoint Capital is a top provider of business loans in Baltimore and offer competitive interest rates with flexible repayment terms. To learn more about our small business loan products, give us a call today or fill out our online application.
9 Best Small Business Loans in Baltimore (May 2023)
Small Business Loans
Business term loans are the most requested product because of the fixed rates and terms. Qualifications and terms will vary based on credit and documentation.
SBA Loans in
Baltimore, Maryland
An SBA loan is a loan backed by the government that has very attractive rates & terms.Credit qualifications require good credit and the application process is lengthy requiring significant documentation.
Merchant Cash Advance
A great option for Baltimore business owners when traditional bank financing isn’t available. Approval process is easier with lower credit requirements and limited documentation. An MCA is not a business loan, but an advance off of future receivables of the business offered at a discount and repaid out of a set percentage of future credit card sales.
Business Cash Advance
An alternative to business loans, a business cash advance advances money to a business based on current revenue. Easier approval process and lower credit standards. Same day business funding and a fast application process.
Business Line of Credit
The best option for Baltimore business owners looking for a working capital funding solution. A line of credit is flexible, allowing business owners to draw money when needed up to a credit limit like a credit credit.
Equipment Financing
A product for businesses who are dependent on equipment, equipment leases and/or loans use the collateral of the equipment. All credit is considered. Equipment terms will vary and are based on the equipment, credit and businesses current revenue.
Invoice Financing
Invoice financing advances money to the issuer at time of issuance instead of having to wait for the terms of the invoice.This product avoids acquiring debt, while accelerating accounts receivable to improve cash flow during short falls.
Short Term Small Business Loans
Short term loans are quick solutions for business owners needing money fast. This term loan has fixed rates, payments & terms.Higher approval rates with less documentation. All credit considered but better the credit, better the terms.
Long Term Business Loans in Baltimore, Maryland
Long term loans are for established businesses looking for large sums of money for business expansion and need extended terms to achieve affordable payments. Good credit and significant documentation required for approval.
U.S. Small Business Administration
Start, Grow, and Expand your Business
View the Maryland Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting in Maryland.
U.S. (SBA) U.S. Small Business Administration
Baltimore District Office
Common Uses of Loan for Small Businesses in Baltimore
State & Federal Government Financing Programs, Grants, Covid-19 Loans in Baltimore
Baltimore Community Lending
875 Hollins St # 301, Baltimore, MD 21201
Baltimore Community Lending is a US Treasury certified nonprofit Community Development Financial Institution. BCL provides loan capital to small real estate developers and small business owners in Baltimore City who have no relationship with or cannot get a loan from a bank and are committed to developing underserved neighborhoods. We work with the government, foundations, financial institutions, community stakeholders, anchor institutions, and small business owners early in the planning process to provide small-to-midsize capital solutions leading to a more diverse and economically balanced Baltimore.
Baltimore County Government – Department of Economic and Workforce Development – Finance and Loan Programs
100 South Charles Street Suite 1201 Baltimore, MD 21201
Baltimore County offers direct financing programs to encourage investment and job creation in the County. Private sector financing is leveraged with the Baltimore County gap and flexible financing programs to help businesses expand and grow. Additionally, the County can help you access state, federal and private financing for new and expanding businesses.
Baltimore County Government | Department of Economic and Workforce Development COVID-19 Relief Loan Program – The COVID-19 Relief Loan Program provides access to capital for Baltimore County businesses that have been adversely affected by COVID-19. This program offers low-interest loan amounts from $50,000 to $250,000 to Baltimore business owners.
Maryland Department of Commerce
401 E.Pratt Street Baltimore, MD 21202
As the state’s primary economic development agency, the Maryland Department of Commerce stimulates private investment and create jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing workforce training and financial assistance to Maryland companies.
Maryland Small Business Development Financing Authority (MSBDFA) – MSBDFA promotes the viability and expansion of businesses owned by economically and socially disadvantaged entrepreneurs.
Maryland Small Business Development Financing Authority (MSBDFA) COVID-19 Emergency Relief Loan Fund – Beginning July 20, 2000, this MSBDFA Fund provides emergency financial relief to Baltimore businesses that have experienced economic hardship due to the COVID-19 pandemic crisis with low interest rates and low documentation loans to eligible Baltimore, Maryland small business. Five-year term loans with amounts ranging from $25,000 to $200,000 will be available with an interest rate of 0% for the first 12 months and 2% for the remaining term of the loan. Click here for program details and guidelines.
The Harbor Bank of Maryland – The Harbor Bank of Maryland Community Development Corporation is a 501(c)(3) non-profit and U.S. Treasury Certified Community Development Financial Institution (CDFI) focused on accelerating development in underinvested communities throughout Greater Baltimore.
Why AdvancePoint Capital?
- Experience with Businesses in Baltimore – We have been providing financing in Baltimore for years.
- Trust – Excellent reviews and feedback from Baltimore small business owners.
- Loan Specialists – Experienced business funding specialists in Baltimore.
- No Obligation – No cost, no commitment quotes.
- Products – A variety of business loan products for businesses in Baltimore.
Apply for Baltimore Business Loan Today!
Getting a financing solution or financial advice in Baltimore can be troublesome. At AdvancePoint Capital, applying for a business loan is fast and easy with our simple application process. All you need to do is fill out our online form, and application page, and in just a few hours — you’re well on your way to getting yourself a business loan in Baltimore.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.
