Maryland Small Business Financing- MSBDFA

Maryland Small Business Financing- MSBDFA


My name is Stanley Tucker. I’m Chief Executive Officer of Meridian Management Group. We managed the Maryland Small Business Development Financing Authority. The program was designed to provide financing, specifically for small, minority and women-owned businesses, and particularly those that are in distressed communities, whether it’s urban or rural. Because these businesses in these areas have some challenges meeting the credit criteria of conventional financial institutions. We strategically design these programs, so there would be what we call a continuum of financing products. Where we can birth a company, and we could continue financing them to an exit, including going public and we’ve done that several times. So, depending on where the company is in the life cycle of this business, it dependent when they walk in our office, it depends on which window or windows we take them through because we designed them, the various components so they can supplement and complement each other.

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