GetFundedUSA › Grants › Veteran-Owned › Maryland Military Personnel and Veteran-Owned Small Business Loan Program (MPVOLP)
Maryland Military Personnel and Veteran-Owned Small Business Loan Program (MPVOLP)
Veteran-Owned · Maryland Department of Commerce · MD
MPVOLP is a Maryland state program offering no-interest loans of $1,000 to $100,000 to small businesses owned by or employing veterans, military reservists, or National Guard members, administered by the Maryland Department of Commerce.
The Maryland Military Personnel and Veteran-Owned Small Business Loan Program (MPVOLP) is a state-run financing program administered by the Maryland Department of Commerce. Despite the word 'grant' appearing in some categorizations, MPVOLP is actually a no-interest loan program, not a cash grant — meaning funds must be repaid, but without interest charges accruing over the loan term.
MPVOLP offers loans ranging from $1,000 to $100,000 to small businesses in Maryland with fewer than 50 employees. The program specifically targets businesses that are owned by veterans, military reservists, or National Guard members, as well as businesses that employ such individuals. Loan terms run from one to eight years, giving borrowers flexibility in repayment scheduling.
For a small-business owner who is a veteran, reservist, or National Guard member — or who employs such individuals — this program can provide access to capital without the interest costs typically associated with commercial loans. This could be useful for working capital, equipment purchases, or other business needs, though the summary provided does not specify permitted uses in detail.
Deadlines are described only as 'check current rounds,' meaning there is no fixed annual deadline — applicants should confirm whether funding rounds are currently open. Because loan amounts, terms, and eligibility rules can change, applicants should verify all current details directly with the Maryland Department of Commerce before applying. This description is based on limited available facts as of the most recent update, and specifics like current interest terms, exact repayment schedules, and open application windows should be confirmed at the official source.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a no-interest loan program, not a cash grant, despite sometimes being labeled a grant.
Do I have to repay the funds?
Yes, MPVOLP is a loan and must be repaid, though it carries no interest.
Who is eligible?
Maryland small businesses with fewer than 50 employees that are owned by, or employ, veterans, military reservists, or National Guard members.
How much can I receive?
Loans range from $1,000 to $100,000.
What are the repayment terms?
Loan terms run from one to eight years.
Is there an application deadline?
No fixed deadline is given; applicants should check current funding rounds at the official source.
Who runs this program?
The Maryland Department of Commerce administers MPVOLP.
Is this available outside Maryland?
No, it is limited to businesses operating in Maryland.
Where do I apply?
Apply through the official page at https://commerce.maryland.gov/fund/programs-for-businesses/mpvolp.
Is the loan taxable?
Confirm at the source, as this detail is not specified in the available information.
Does my business need to be majority veteran-owned?
The eligibility description allows businesses either owned by or employing veterans, reservists, or National Guard members; confirm specific ownership thresholds at the official source.
What can the loan funds be used for?
Confirm at the source, as permitted uses are not detailed in the available summary.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Maryland Department of Commerce; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.