MCE awarded $50,000 for micro-loans to small businesses

Maryland Capital Enterprises, Inc. (MCE) has been awarded $50,000 from the Business Finance Group to provide microloans to small businesses on Maryland’s Eastern Shore and in the Baltimore-Annapolis area.

Photo: Pictured from left to right Maurice Ames, Executive Director of MCE, Senator Ben Cardin & Richard Frank, President & CEO of Business Finance Group, located in Fairfax, Virginia. — Pictured from left to right Maurice Ames, Executive Director of MCE, Senator Ben Cardin & Richard Frank, President & CEO of Business Finance Group, located in Fairfax, Virginia. – Contributed Photo

“We continue to seek funding to provide much-needed assistance to small businesses,” said MCE Executive Director Maurice Ames. “These funds will be used to provide financing for businesses that have difficulty securing funding from traditional sources. We help them build their capacity and become more bankable.”

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MCE is a non-profit micro-business finance and assistance agency that provides loans and assistance to small businesses on Maryland’s Eastern Shore and in the Baltimore-Annapolis area. Based in Salisbury, with an office in Baltimore the firm is certified by the US Dept. of the Treasury as a Community Development Financial Institution. It is also certified as an Intermediary Micro- lender for the Small Business Administration, the US Dept. of Agriculture, and the State of Maryland. For more information, visit: www.marylandcapital.org.