MCE/Morgan State Credit Builder Loan Application | Micro Loans for Business Owners and Entrepreneurs in MD

A Morgan State University Program

Loan eligibility requirements :

- Must be a Maryland based business
- Must be in good standing
- Completed One ( 4 week session of The Entrepreneur Boot Camp Training) View brochure
- If you have not, Click Here to Register for Upcoming Course

** The program includes a once a week 3 hour live virtual instruction for one month where you will receive templates, interaction with program managers, procurement officers, and small business liaisons. Registrants who complete a one month series can apply for a $5,000 loan and gain an advisor for one-on-one business counseling provided by the Small Business Administration Women Business Centers located in Maryland.

View Full Brochure Here

Questions: Contact Omar S. Muhammad – Director
Morgan State University Entrepreneurial Development & Assistance Center (EDAC)
Office of the Provost: Earl G. Graves School of Business & Management
Office: 443.885.3663 Email: [email protected] Website: www.edacmorgan.com

Credit Builder Loan Application

Applicant Information
Business Name*
Federal ID#*
Address*
Street Address City State ZIP Code
Business Phone*
Fax #*
Applicant Name*
First Last
Email*
Phone*
Drivers License #*
State*
State
Expiration Date*
MM slash DD slash YYYY
Different Residence Address?*
- Yes
- No
Residence Address*
Street Address City State ZIP Code
Residence Phone*
Veteran*
Date of Birth*
MM slash DD slash YYYY
Social Security # of Applicant*
Emergency Contact Person*
First Last
Emergency Contact Person Phone #*
Relationship*
Emergency Contact Person Address*
Street Address City State ZIP Code
Emergency Contact Person*
First Last
Emergency Contact Person Phone #*
Relationship*
Emergency Contact Person Address*
Street Address City State ZIP Code
Request For Loan
Amount Requested*
Term Requested*
Use of Loan Proceeds*
Fixed Assets*
Working Capital*
Equipment*
Other*

Management - Owner(s)*

Name	Title	Owners %

Employment Information
Employment Status*
- Full Time Self Employment
- Part Time Self Employment
Employer Name*
Phone*
Address*
Street Address City State ZIP Code
Supervisor Name*
First Last
Dates Employed*
Current Salary*
Your Status*
- Full Time Employment
- Part Time Employment
Employer Name*
Phone*
Address*
Street Address City State ZIP Code
Supervisor Name*
First Last
Dates Employed*
Current Salary*
Misc. Questions
Is the business or any of the top management personnel an endorser, guarantor or co-signer for obligations not listed on its/their financial statements?*
- Yes
- No
Please provide an explanation*
Is the business or any of the top management personnel a party to any claim or lawsuit?*
- Yes
- No
Please provide an explanation*
Has the business or any of the top management personnel ever declared bankruptcy?*
- Yes
- No
Please provide an explanation*
Does the business or any of the top management personnel owe any taxes for prior or current years?*
- Yes
- No
Please provide an explanation*
Have you ever been evicted from a rental residence for non-payment or any other reason?*
- Yes
- No
Please provide an explanation*
Have any managers or owners received a felony conviction?*
- Yes
- No
Please provide an explanation*
Are you a U.S. Citizen? If no, please provide proof of residency.*
- Yes
- No
EXHIBITS
EXHIBIT A: Personal/Business Tax Return for 2 years

EXHIBIT B: Business References.

EXHIBIT C: Personal References.
EQUAL CREDIT OPPURTUNITY ACT (15 U.S.C. 1691)
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided that the applicant has the capacity to enter into a binding contract), because all or part ofthe applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580.
DISCLOSURE AND CONFIDENTIALITY STATEMENT (Please Read Carefully)
Certain information in the possession of the Loan Committee (LC) must be made available for public inspection after an application for financial assistance is received. This information includes but is not limited to: the names of applicants, financial information including principals, the amounts, types and general terms of financial assistance, description of projects and businesses benefiting from financial assistance, the number of jobs and the amount of tax revenues projected in connection with a project, and the names of financial institutions participating in the project.

Certain records of the LC are designated confidential and will not be available to the public for inspection. This includes the disclosure of records which would constitute an invasion of privacy, such as personal tax returns or financial records obtained by the LC in connection with any monitoring or servicing of an existing project, and any records or information the release of which the LC has determined could cause a business or competitive detriment to the person whom the information belongs or pertains.

If an applicant desires that additional information be kept confidential, the applicant should clearly identify what information or documents he or she wishes to be kept confidential. The applicant must also explain in writing the basis for her or his request that the material be kept confidential. Where the applicant asserts that the basis for the confidentiality is that release of the information could cause a business or competitive disadvantage or loss of a competitive advantage, the applicant must provide the LC with sufficient information to enable the LC to determine independently the likelihood of such detriment. Applicants may wish to consult an attorney regarding any matters related to this application and possible loan agreements. The information containedin this application and attachments are submitted for the purposes of consideration for the MCE micro loan program.
AGREEMENTS AND CERTIFICATIONS
AGREEMENT
1. I/We agree to notify you promptly in writing upon any material change in the information provided herein, and further acknowledge that you will continue to regard this statement as true and complete until receipt of such written notification.
2. I/We agree to allow Maryland Capital Enterprises, Inc. to investigate any information disclosed in this application to include but not limited to: my credit records, my credit history, and any other information that relates to, or may be a factor, in assessing my creditworthiness, to make any inquires it deems necessary to determine the existence and extent of any legal or financial obligations for which I am or may become liable, including but not limited to, child support payments, restitution, and tax liabilities that may affect my ability to repay this loan, to investigate the existence and extent of mycriminal records, and to make such inquiries as it deems necessary or appropriate to verify the accuracy of the information contained in the application.
CERTIFICATION
1. I/We certify all information in this application and the attachments is true and complete to the best of my/our knowledge and is submitted so the Loan Administration Board can decide whether to grant a loan or participate with the lending institution in a loan to me/us.
2. I/We understand, in the event of default on the loan MCE may report the loan on my personal and business credit.
3. I/We understand our checking/savings account will be automatically debited for the monthly payments at no charge. If I choose not to accept automatic debit the interest rate will be 2% higher than the quoted rate.
4. I/We certify that I/We will comply with Title VI of the Civil Rights Act of 1964, as amended (42 USC 2000d-2000d 4), the requirements imposed by or pursuant to regulations issued for the Department of Commerce and designated as 15 CFR Subtitle A Part 8, and any amendments thereto. I/We agree to comply with the provisions of Section 112 of Public Law 92-65 (42U.S.C. 3123) the requirements imposed by or pursuant to the regulations of the Economic Development Administration promulgated in 13 CFR part 311 (as explained in the April 1979, EDA Civil Rights Guidelines) and any amendments thereto. I/We agree to comply with Sections 504 of the Rehabilitation Act of 1973 (26 USC 794) and 15 CFR Part 8b, Subsections a,b,c and e (Regulations of the Department of Commerce implementing Section504 of the Rehabilitation Act), and the Age Discrimination Act of 1975 (42 USC 6101). Such requirements hold that no person in the United States shall on the ground of race, color, national origin, sex, handicap, or age be excluded from participation in, be denied the benefits of, or be otherwise subjected to discrimination under any program or activity for which Federal financial assistance has been extended.
I agree to the above statements*
Date*
MM slash DD slash YYYY

Guarantor*

First Name	Last Name

Email
This field is for validation purposes and should be left unchanged.

A Morgan State University Program

Credit Builder Loan Application

Applicant Information

Request For Loan

Employment Information

Misc. Questions

EXHIBITS

EQUAL CREDIT OPPURTUNITY ACT (15 U.S.C. 1691)

DISCLOSURE AND CONFIDENTIALITY STATEMENT (Please Read Carefully)

AGREEMENTS AND CERTIFICATIONS