Webinar: Hiring & Retaining Employees for Small Businesses
Thursday, April 21st from 1:00 p.m. – 2:30 p.m.
It can be hard to know how to find reliable, dedicated staff for small businesses. Learn how to attract qualified employees, assess their performance, and keep them engaged. Featuring Nathaniel Alston, President & CEO of The Horizons Group, Inc.
Baltimore Community Lending is expanding its geographic service area to include the counties directly surrounding Baltimore City. Entrepreneurs and commercial real estate developers in the Baltimore-Columbia-Towson Metropolitan Statistical Area (MSA), inclusive of Anne Arundel, Baltimore, Carroll, Harford, and Howard Counties, are now eligible to apply for loans and services from BCL.
POWER Collaborative to Address Wealth Gap for Black and Latina Women in West Baltimore
JPMorgan Chase announced that it will award $5 million over three years to the Baltimore-based POWER Collaborative, of which Baltimore Community Lending (BCL) is a member, as part of its Advancing Cities initiative. The award will fund the work of the POWER (Prioritizing Our Women’s Economic Rise) Collaborative to build a continuum of wealth for Black and Latina women in Baltimore through real estate, small business, and workforce development.
The collaborative aims to create community-centric homeownership opportunities for residents in low-income neighborhoods, with a particular focus on West Baltimore. As a member of the collaborative, BCL will offer flexible financing resources such as lines of credit to Black and Latina women real estate developers to rehabilitate communities where poverty and home vacancy are high. These developers are often unable to access capital from traditional lenders for community development projects.
Small businesses in Baltimore affected by the COVID-19 pandemic can apply for grants to help them recover, stabilize, and grow. Learn more and apply by February 3. (applications available in Spanish and Korean).
Baltimore Community Lending is proud to be part of the Baltimore BASE Network, which is committed to helping BIPOC-owned businesses in Baltimore across pandemic-related recovery assistance.
Click here to request assistance with the application.
Baltimore Community Lending supports the revitalization and strengthening of underserved Baltimore neighborhoods through innovative and flexible financial assistance designed to promote community development. See our 2020 annual impact report.
Baltimore Community Lending | 875 Hollins Street, Suite 301, Baltimore, MD 21201
Low-Interest Recovery Loans For Baltimore Small Businesses
Baltimore's hair salons, barbershops, childcare centers, and arts-based small businesses are eligible for loans at a 3% interest rate, thanks to a grant from Wells Fargo's Open For Business Fund. The funding will enable BCL to provide short- and long-term COVID-19 recovery efforts, technical assistance, and micro-lending programs to these industries.
Baltimore Community Lending (BCL) is pleased to announce its acceptance as an intermediary lender for the U.S. Small Business Administration (SBA) Microloan program. Through the program, small businesses in Baltimore City can apply for up to $50,000 at an interest rate of 7.25%. Funds can be used for working capital, inventory, supplies, and equipment.