The Maryland Casino Business Investment Fund (MCBIF) provides access to capital for small businesses, minority-owned businesses, women-owned businesses and veteran-owned businesses (Targeted Businesses) in Maryland. MCBIF’s geographic focus is in the designated radius (designated by ZIP code) of casino facilities. However, Targeted Businesses outside the designated radius of casino facilities are also eligible for assistance.
MCBIF provides affordable and flexible financing to assist in the acquisition of businesses, equipment, owner-occupied commercial real estate, vehicles, furniture/fixtures and leasehold improvements. It also provides working capital assistance for maintaining and improving business cash flow; marketing; adding personnel; inventory expansion; and obtaining professional consulting assistance. In addition, it can be used to refinance existing debt under certain circumstances.
For more information or to download an application, visit here.