Boost funds are provided through the Maryland Department of Commerce. To date, Boost has approved over $1.4 million in loans to key job-creating industries. The Boost Fund can lend business owners $50,000 to $250,000 with a reduced down payment and interest rates set at or below current rates. Loans have a maximum 20-year term and payment plans are customized to meet individual business needs to help businesses maintain the cash flow needed to run their business.
The Boost Fund provides business loans for: