Archived News Articles

PNC donates $10,000 to Maryland Capital Enterprises, Inc.

In an act of charitable giving, PNC Bank of Salisbury made a generous donation to Maryland Capital Enterprises, Inc. (MCE) in the sum of $10,000 in December 2008. “PNC is pleased to support Maryland Capital Enterprise's small business development training and lending on the Eastern Shore," said William Backstrom territory manager for PNC Community Development Banking.

Stephens and Hickman join MCE’s Board of Directors

Two prominent figures in the business assistance field have been added to the board of directors of Maryland Capital Enterprises, Inc. John A. Hickman and Renee Stephens have become members of the 14-member board, according to its chairman Joseph E. Morse.

Small Poultry Growers May Qualify For MCE Financing

Small poultry growers and other small businesses in the poultry industry may qualify for loans and business assistance from Maryland Capital Enterprises, Inc. MCE is a private, non-profit micro-enterprise development organization that has been serving the Maryland Eastern Shore since 1998. It provides business assistance, training, and loans up to $50,000 for start-up or expansion of small businesses on The Shore that are not able to secure bank financing. Money can be used to secure business equipment, vehicles and working capital.

Help Your Community, Save on Taxes!!

Maryland Capital Enterprises, Inc. (MCE), a local nonprofit has been awarded the opportunity to sell Maryland State tax credits, through a state funded program in the Department of Housing and Community Development (DHCD). MCE’s mission is to help economically and disadvantaged residents of Maryland’s Eastern Shore become self-sufficient through entrepreneurship. “We work with micro-businesses owned by minorities, women, veterans and others with low incomes and limited assets.

Duncan, St. Fleur, & Ward Join the MCE Board of Directors

The board of directors of Maryland Capital Enterprises, Inc. has added James W. Duncan, Hebreux St. Fleur, and Frank J. Ward III to its membership, according to Joseph E. Morse, Chairman of the 14-member board of the micro-business finance and assistance firm.

Duncan is the president of Navtrak, Inc., located in Salisbury, MD. Navtrak is the industry leader in providing GPS systems, fleet management and vehicle tracking system solutions for businesses with mobile workforces.

Do Well by Doing Good

In America, it's up to individuals to invest in their community. Civic-minded corporations are driven by visionaries, and most of those movers and shakers agree: when the tide comes in, everyone's boat rises.

USDA Awards MCE $250K for Loans

(January 2008)

Maryland Capital Enterprises recently received $250,000 from the US Department of Agriculture’s Rural Development Administration to support its micro-business loan program for businesses on Maryland’s Eastern Shore. MCE was also certified as a USDA/ IRP (Intermediary Relending Program) Lender. The funds are to be used for small business loans up to $50,000. Loan applications are being accepted now.

Maryland Capital Enterprises is a micro-business support firm formed in 1998 that provides loans and assistance to small businesses on the Maryland Eastern Shore.