No Interest Loans Available for Military and Veterans in Maryland

The Military Personnel and Veteran-Owned Small Business No-Interest Loan Program (MPVSBLP) was created in 2006 and is administered by the Maryland Department of Business and Economic Development in consultation with the Maryland Department of Veterans Affairs (MDVA). The program accepts applications from small businesses that employ military reservists and National Guard members called to active duty, as well as companies employing service-disabled veterans. Veterans who own a small business are also eligible to apply for funding.

The Military Personnel and Veteran-owned Small Business Loan Program (MPVSBLP) provides no interest loans of up to $50,000 from one to eight years. Eligible applicants include businesses owned by military reservists and National Guard members called to active duty, and small businesses, with fewer than 50 employees that employ them.

For more information about the program​, eligibility details and how to obtain an application contact:
Mark Hendricks​, Grant Administrator/MD Veterans Trust for the Maryland Department of Veterans ​​Affairs at 410-974-2399.

Please note that applications for this program will not be accepted again until October 1, 2015.