Financing Options

Financing Options for Local Businesses

Looking to start up, expand your business, or purchase inventory? The Old Takoma Business Association has been working on financing options to support local businesses.

Option 1: OTBA Revolving Loan Fund (RLF)

Businesses can apply for loans directly from the OTBA through this fund that was made available through the State of Maryland. The purpose of this program is to enhance the historic Takoma commercial district and to connect local businesses with capital.

OTBA RLF Application: OTBA Loan Application_2016
OTBA RLF Contact: Laura Barclay | laura@mainstreettakoma.org


Option 2: Takoma Notes

Under this program, local businesses can apply for loans directly from the OTBA, which will be financed by residents interested in supporting those local businesses through the purchase of Takoma Notes. The purpose of this program is to enhance the historic Takoma commercial district and to connect local businesses with community members.

OTBA Takoma Note Application: OTBA Loan Application 2016
OTBA TPN Contact: Laura Barclay | laura@mainstreettakoma.org

When this option is right for you: You would like to generate community support for your business, you need less than $50,000.