Small Business Loans

At Baltimore Community Lending, we believe in entrepreneurs.

That's why we offer small business loans and micro-loans to startups and entrepreneurs who have a good business model and reasonable credit, but lack collateral or face other barriers to traditional financing.

Our flexible lending criteria means we can support a variety of needs, and our financing is often pivotal to determining whether a project moves forward or not. We also partner with institutions to meet the needs of various small business owners.

All applicants must complete BCL’s small business training requirements and submit a written business plan with accurate and reasonable financials. Our dedicated, locally-based small business team provides comprehensive, ongoing support throughout the entire loan process.

Millennial African American Woman businesswoman on the phone in

Benefit from our technical assistance and capacity-building trainings, and our innovative and flexible financial assistance, to make your vision a reality. For more information about our Small Business Loan program, including detailed application requirements, contact Small Business Loan Associate Jaclyn Whitley at or by phone at 410-319-0732.

Emerging Loans for startups, emerging or existing businesses.

  • $10,000-$50,000
    3-6 year terms

Growth Loans for entrepreneurs in business for at least two-years.

  • $50,000-$150,000
    5-10 year terms

Interest rates range from 7.25% - 9.25%

Funds made be used for business purposes only, such as:

  • to purchase inventory, supplies, and materials
  • to build-out a leased or owned business office or retail space
  • to purchase or lease furniture fixtures, machinery, and equipment
  • for operating capital
  • All owners of 20% or more of the business must sign a personal guarantee.
  • Borrowers cannot have a bankruptcy that was resolved less than two years ago.
  • Borrowers cannot have an outstanding debt to the IRS unless they have entered into a written repayment agreement with the IRS.

At BCL, we put a lot of focus on owner experience and the management team, especially for startups. Business and owner credit history matters, but we don’t have a credit score cutoff number—we look at the applicant’s whole story.

All businesses must submit a business plan and business financials, including tax returns and bank statements. Each business owner and guarantor must provide personal financials as well. We charge an application fee of $100, and a credit report fee of $40 for each owner and guarantor.