Small Business Initiative
The Small Business Initiative (SBI) was created by EDC to provide direct assistance to the rapid-growth potential small and minority-owned businesses located in Prince George’s County. Additionally, the SBI provides access to: capital, contract awards, and a comprehensive one-stop shop delivery of entrepreneurial training, management consulting and technical assistance.
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| Your Firm’s Area of Need | Get the SBI Benefit |
| Getting Certified | MDOT, 8(a), SDB, WSSC, SBR, MBE |
| Contract Financing | Up to 90% of project funds advanced |
| Contract Bonding | Application Fee Waived, direct assistance |
| Microloans | $5,000 to $50,000 quick, little paperwork |
| Term Loans | Community and Commercial Banks |
| Equipment Financing | Affordable Rates, immediate assistance |
| Purchase Business Real Estate | 504 Loans—only require 10% down |
| Staffing Assistance | Construction labor, bilingual, tech, admin |
| Payroll | Partner provides 1st month free |
| Affordable Employee Benefits | Retain Employees; Saves firms $$ |
| Bookkeeping/Accounting | For loan packaging, and internal use |
| Business Plan Writing | Consultant Writes or Counselor Reviews |
| Marketing Plans | Counselor Guidance, Marketing |
| Templates | |
| Website | Pool of IT firms that can assist |
| Proposal Writing | Overview and consultation (Federal Gvt) |
| Business Discounts | Group discount pricing on business items |
| County Business Incentives | Tax credits, etc. |
| Site Analysis | Assistance with locating a site or expanding |
| Other Training | See our Calendar |