Thursday, October 2, 2014

Maryland Catalyst Fund Available to Businesses

The Catalyst Fund, powered by the Howard County Economic Development Authority (HCEDA), is part of Maryland’s Video Lottery Terminal Small, Minority and Woman-Owned Business Account initiative. The fund is a locally managed source of capital used to finance start-ups and expanding businesses statewide whose projects will create permanent jobs and leverage private sector investment. Catalyst is a Revolving Loan Fund (RLF) – as borrowers repay Catalyst Fund loans, the principal and interest payments are returned to the fund for lending to other businesses 
to create more jobs and investment opportunities.

Loan funds can be used for normal business uses such as working capital, equipment, real estate, franchise fees and inventory purchases. Loan amounts are always subject to availability of funds. 
Email the Fund Manager to receive the Interest Form. All potential candidates must fill out
this prequalification project summary to make sure that Catalyst Fund criteria are met. Once that step has been completed, our Fund Manager will contact you. Eligible businesses can fill out a full Application Form, which requires a nonrefundable application fee and more in-depth information.
For more information, contact the Catalyst Fund Manager via email or by phone at 410.313.6500.