Catalyst Fund Loans for Small Business
What is the Catalyst Fund?
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.
What can I use the fund for?
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.
The Catalyst Fund will help you find the resources to:
All Business Loan Requests Will Focus on the Character, Credit, Experience and Reliability of the Applicant. The Primary Considerations Are:
I’m Interested. How Do I Proceed?
Please note: Only qualified candidates will be invited to submit a full application. If an applicant qualifies to submit full loan application, a $300 non-refundable application fee will be required.
