Once you have created a solid business plan, you should next figure out how much capital you need to start and operate your business, and what kind(s) of financing your business may qualify for. 

Start-up funds can come from a variety of sources. Whether investing personal resources, bootstrapping, or taking on debt, be sure to plan carefully and ensure your business venture is adequately capitalized.

Find a Commercial Lender

Frederick has more than a dozen active banks with on-the-ground facilities within City limits. Connect with a banker today and begin to build this critical relationship.

  • Small Business Administration (SBA) Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. Match with a lender.

Research Alternative Financing Channels 

Many strategic flexible financing programs can help facilitate projects that might not be possible under traditional loan options. 

These opportunities include: 

  • Neighborhood BusinessWorks 
  • Video Lottery Terminal (VLT) Fund
  • Maryland Small Business Development Financing Authority 
  • Military Personnel and Veteran Owned Small Business Loan Program
  • Commercial Property Assessed Clean Energy (C-PACE) Program 
  • Opportunity Zone Funding
  • TEDCO Seed Funds
  • Venture Capital 
  • Angel Investment
  • Crowdfunding 

Explore Incentive Programs

Tax credits and conditional grants are available at the local, state, and federal levels to encourage community-boosting investment, energy-efficient initiatives, job creation, and property rehabilitation.  

Take advantage of these opportunities by visiting our Incentives and Programs page.