Maryland Economic Adjustment Fund (MEAF)
Established in 1994 as a non-lapsing fund. The U.S. Economic Development Administration and the State of Maryland combined to provide $1,500,000 and $500,000, respectively to assist small businesses. Since its inception, the state has transferred $800,000 of assets to the fund.
This fund assists business entities in the state with modernization of manufacturing operations, the development of commercial applications for technology, and exploring and entering new markets.
Applicants must demonstrate credit worthiness, ability to repay the obligation, and an inability to obtain financing on affordable terms through normal lending channels. A loan may not be used to relocate jobs from one commuting area to another. Funding assistance through MEAF is available to small businesses in all regions of the state.