At a glance
From its website, read 2 Nov 2026Maryland Capital Enterprises, Inc. is a loan fund based in Salisbury, Maryland. Its website describes microloans and small-business loans. Stated loan amounts run from $500 to $50,000. Business loan rates stated on its site range from 6% to 12%. It says it considers borrowers with low or no credit history. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.marylandcapital.org |
| Office (official list) | 314 Civic Avenue, Salisbury, MD 21804 |
What their website says about applying
with our Loan Officer. The Loan Officer will discuss your paperwork with you, help you prepare the Loan Application Packet, and will then present it to the Loan Committee for approval.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Small-business loans | Rate: 6%–12% | Interest rate from 6% to 12% | source |
| Credit-builder loans | Term: see their wording | Loans of $500 to $2,500 – 12 to 18 months term | source |
| Credit-builder loans | Term: see their wording | Loans of $2,501 to $5,000 – 12 to 36 months term | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Low or damaged credit considered
have been denied a business loan from traditional lenders, and have limited credit and little collateral
source - Business plan required
Must have a clearly established business idea and business plan (MCE can help to develop a business plan)
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Jun 2026 |
| RSSD ID | — (none listed) |
| Address | 314 Civic Avenue, Salisbury, MD 21804 Directions (Google Maps) |
| Website | www.marylandcapital.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $35,000 | has evolved to offering micro-loans up to $35,000 to individual entrepreneurs as well as small business loans up to $50,000. | source |
| Small-business loans | $5,000 – $35,000 | Loans for any amount from $5,000 to $35,000 | source |
Loan sizes
offering micro-loans up to $35,000 to individual entrepreneurs as well as small business loans up to $50,000.
sourceLoans for any amount from $5,000 to $35,000
sourceLoans of $500 to $2,500 – 12 to 18 months term
sourceLoans for any amount from $5,000 to $50,000
source
Range used for the size filter: $500 to $50,000
Service area
Not stated on the pages we read.
Borrower focus
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. click here to fill it out online
source
Pages read (7)
- https://marylandcapital.org/
- https://marylandcapital.org/services/business-loans/
- https://marylandcapital.org/services/business-loans/start-up-loans/
- https://marylandcapital.org/services/business-loans/credit-builder/
- https://marylandcapital.org/services/business-loans/expansion-loans/
- https://marylandcapital.org/services/business-loans/loan-application/
- https://marylandcapital.org/services/business-loans/loan-application/mce-business-loan-application/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$3.6 million in 7 awards from the U.S. Treasury's CDFI Fund, 2002–2021 (CDFI Program, Financial Assistance; CDFI Program, Technical Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2021 | CDFI Rapid Response Program | $1,400,000 |
| 2020 | CDFI Program, Technical Assistance | $125,000 |
| 2015 | CDFI Program, Financial Assistance | $700,000 |
| 2012 | CDFI Program, Financial Assistance | $600,000 |
| 2010 | CDFI Program, Financial Assistance | $592,282 |
| 2004 | CDFI Program, Financial Assistance | $50,000 |
| 2002 | CDFI Program, Technical Assistance | $160,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Sep 2023| Total assets | $17.7M |
|---|---|
| Total liabilities | $4.4M |
| Net assets | $13.3M |
| Total revenue | $4.7M |
| Notes and loans receivable, net (Part X line 7) | $12M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 52-2113016, filed as “MARYLAND CAPITAL ENTERPRISES INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Sep 2021 (990) | $12.9M | $7.9M | $4.6M | $6.4M |
| Sep 2022 (990) | $14.4M | $10.1M | $4.4M | $8.8M |
| Sep 2023 (990) | $17.7M | $13.3M | $4.7M | $12M |
Total assets grew 37% from Sep 2021 to Sep 2023; notes and loans receivable rose 87%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $50,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 7% of these 184. |
| Total assets, latest IRS Form 990 | $17.7M | Larger than 44% of the 9 other certified loan funds and venture funds in Maryland with a matched Form 990 (median $37.3M). |
| Business loan rate its website stated (2 Nov 2026) | 6.00% to 12.00% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 1 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 7% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Maryland | 9 | larger than 44% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
Other certified CDFIs in Salisbury and Maryland
- 22BEACON, INC.Loan fund · Hanover, MDNonprofit / community facility loansVerified
- Baltimore Community Lending, Inc.Loan fund · Baltimore, MDCommercial real estate loans, Affordable housing development loans, Small-business loansVerified
- Enterprise Community Loan Fund, Inc.Loan fund · Columbia, MDEquity / venture investmentVerified
- HARBOR BANKSHARES CORPORATIONBank holding company · Baltimore, MDCommercial real estate loans, Home mortgages, Personal / consumer loans, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Harbor Bank of MarylandBank or thrift · Baltimore, MDCommercial real estate loans, Home mortgages, Personal / consumer loans, SBA-backed loans (7(a)/504/Community Advantage)…Verified
- Harbor Bank of Maryland Community Development CorporationLoan fund · Baltimore, MDEquity / venture investmentVerified
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