SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $538 MILLION IN MARYLAND OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Maryland
- SBICs have invested in 77 small businesses in Maryland since 2018.
- SBICs have invested $538.2 million in Maryland small businesses since 2018, with $144 million invested in FY 2022 alone.
- Maryland businesses that received financing from SBICs in 2022 supported 2,366 employees.
A sampling of the Maryland-based companies that have received SBIC financing:
DTLR, Inc. (Hanover)
DTLR has been a leading retailer in the Urban Fashion industry for over 20 years. DTLR retails urban footwear, apparel, and music and currently operates in six regions throughout the East coast and Mid-West.
- Â SBIC Investment: $11,960,441