(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. Based in Salisbury, MD, the firm is certified as a SBA Intermediary Microlender for the State and as a US Dept. of the Treasury Community Development Financial Institution. It is supported by the US Dept. of Agriculture, US Treasury Dept., US Small Business Administration, several MD Eastern Shore county governments, private foundations, and interest and fees earned.  Its chairman is Joseph E. Morse, JD and its executive director is Hayley Gallagher. Call 410-546-1900 for more information.