Catalyst Fund Loans for Small Business

What is the Catalyst Fund?

The Catalyst Fund, powered by the Howard County Economic Development Authority (HCEDA), is part of Maryland’s Video Lottery Terminal Small, Minority and Woman-Owned Business Account initiative. The fund is a locally managed source of capital used to finance start-ups and expanding businesses statewide whose projects will create permanent jobs and leverage private sector investment. Catalyst is a Revolving Loan Fund (RLF) – as borrowers repay Catalyst Fund loans, the principal and interest payments are returned to the fund for lending to other businesses 
to create more jobs and investment opportunities.

If you’re interested in attending our next information session, contact us to be notified when registration opens.

What can I used the fund for?

Loan funds can be used for normal business uses such as working capital, equipment, real estate, franchise fees and inventory purchases. Loan amounts are always subject to availability of funds.

All Business Loan Requests Will Focus on the Character, Credit, Experience and Reliability of the Applicant. The Primary Considerations Are:

  • The likelihood that the projected cash flow will be sufficient to repay obligations
  • Willingness to pay debts, as indicated by a good credit history
  • The business has a good chance of achieving success with the requested financing
  • Availability of collateral to secure the loan. (The NEW Collateral Assistance Fund may be able to help)

I’m Interested. How Do I Proceed?

Step 1: All potential candidates must complete an Application Form, which requires a nonrefundable application fee and in-depth information.

Step 2:  Once complete, submit the Application Form (via email)  to the Fund Manager and submit payment at: www.PayPal.Me/HCEDA

For more information, contact the Catalyst Fund Manager via email or by phone at 410.313.6550.

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