THE STATE OF MARYLAND

“EQUITY PARTICIPATION INVESTMENT PROGRAM (EPIP)”

LOAN & EQUITY FINANCING FOR MINORITY, WOMEN & VETERAN OWNED FRANCHISE BUSINESSES (“SMWVB”)

Meridian Management Group, (MMG) a professional asset manager of economic development and private equity funds, manages the EPIP fund under the Maryland Department of Commerce offering affordable financing assistance. The program provides for a continuum of financial products through birth and growth stages of franchise businesses in the State of Maryland.
The purpose of the program is to support the growth and economic impact for Small, Minority, Women, and Veteran owned businesses (“SMWVB”) in the State of Maryland. It is also designed to help reduce the wealth gap for SMWVB owners.
Aaron & Barbara Shingler initially assisted MMG to develop the EPIP Franchise Fund and currently intend to assist in marketing and helping to place loans and investments to Minorities, Women and Veteran franchisees.

Potential Minority, Women & Veteran Clients:

  • Existing Franchisees.
  • New Franchise owners.
  • Acquisitions/Resales
  • Multi-Unit owners.
  • Area Developers.

Types of Assistance:

  • Lines of Credit.
  • Direct Term Loans.
  • Guaranty of Loans up to 80% of P & I on term loans.
  • Equity Investments.

Eligible Uses

  • Working Capital.
  • Inventory & Supplies.
  • Refinancing Debt.
  • Franchise Acquisitions/Resales.
  • Machinery & Equipment.
  • Improvements to real property-owned or leased.
  • Acquisition of real property used in the business.
  • Transfer, Area Development Fee.

Capital Available

Maximum loan or investment should not exceed $2,000,000.

Contact Aaron Shingler at 443-904-0642, ajshingler@aol.com for consultation and preliminary assistance in moving forward and getting the capital you need to start, expand and grow your franchise business in the State of Maryland. God Bless You!