VOLT Loan Application

VOLT Fund: Businesses in Maryland may qualify for a loan of between $25,000 to $500,000 for expenses such as business and commercial real estate acquisition and expansion, lease-hold improvements, equipment, and working capital.

Loan Requirements

Personal credit (640 or above)
Historical Debt Service Coverage Ratio (DSCR) of 1.00x or projections with assumptions showing 1.00x DSCR
Collateral required when available
All owners over 20% must personally guaranty the loan
Life insurance on owner/guarantor where no valid succession plan is in place
Minimum equity injection of 10% for start-up businesses
Business plan required for start-up businesses

For more information, please visit: https://www.aaedc.org/business/financing-and-tax-credits/volt-fund/

We use Submittable to accept and review our submissions.

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