MARYLAND CAPITAL ENTERPRISES
The purpose of the award is to make microloans to start up and existing businesses on the Eastern Shore of Maryland and Maryland's Baltimore and Annapolis regions. 3 SBA loans were made in the quarter January-March 2012. MCE has begun accepting applications from the Baltimore and Annapolis regions and reviewed 4 applications this quarter. There are another 6 potential loan applications in the pipeline for the next month. MCE continues to seek quality applicants and use SBA monies to support the small business operations on both the Eastern Shore and Baltimore/Annapolis regions. Any funds not received or invoiced have been de-obligated.