LIFT Fund Loan Application |
The HCEDA Lift Fund provides Microloans ranging from $10,000 to $30,000 to small businesses for a 3–5-year term. HCEDA also has resources at its Maryland Innovation Center (MIC) to supplement the funding, with the goal of better positioning the loan recipient for success. The loan program primarily serves small businesses including minority-owned, women-owned, veteran-owned, and other socially disadvantaged groups.