City of Baltimore Small Business Resource Center

Baltimore Micro Loan

1101 E. 33rd Street Johns Hopkins @ Eastern, Suite C307 Baltimore MD 21218

Program Began: 1996

Mission Statement

The Mission of the City of Baltimore Small Business Resource Center is to enhance economic growth through business development and innovation. Existing and prospective businesses are assisted through individual assessment, consulting, group training, seminars, technical assistance and referrals within a cooperative network of government agencies, educational institutions, private sector and community organizations.

Currently Viewing: 2014 Reporting Data

Summary

Provides Microenterprise Loans Yes
Lending Types
- Individual Lending
Tracks Credit Scores No
Reports Borrower Credit Performance No

Microfinancing Volume

Number of Microloans Disbursed 8
Value of Microloans Disbursed $325,000

Portfolio Quality

Mean Interest Rate 5%

Other Financing Products

Small Business Loans No
Leverage Package or Guarantee Loans? No

Services Provided

Training and Technical Assistance (TA) Services
- Business Training (group based instruction)
- Business Technical Assistance (one-on-one assistance)
Business Development Services
- Coaching/Mentoring

Business Development Training

Number Receiving Training 1,512
Number Receiving TA 1,512

Individuals Served 3,025
Clients Served 1,512
Businesses Served 1,512

General Program Info

Area Types Served
- State
Member Associations
- Not a member of a SMA
Organization Description
- Stand-Alone Microenterprise Organization
Geographic Area Served
- Maryland
Geographic Area Served Description We serve clients from throughout the state of Maryland; primarily Baltimore and Baltimore County. We have seen clients from Pennsylvania, Washington DC and Virginia.

microTracker