Grant opportunity · Maryland Department of Commerce

Small, Minority and Women-Owned Business Account – Video Lottery Terminal (VLT) Fund / VOLT Fund / VLT Small Business Flex Fund / SLoT Fund

$10,000 – $1,000,000 per award

About this opportunity

Maryland's Video Lottery Terminal (VLT) Fund — also marketed as the VOLT Fund, the SLoT Fund (State Lottery Terminal Fund), and in some regions as the VLT Small Business Flex Fund — uses 1.5% of proceeds from video lottery terminals (slot machines) at Maryland's six casinos to provide below-market-rate loans to small, minority-owned, women-owned, and veteran-owned businesses throughout Maryland. The program is administered by the Maryland Department of Commerce through regional lending partners. At least 50% of funds are prioritized for businesses within 10 miles of Maryland's six casinos: Maryland Live! in Anne Arundel County, Hollywood Casino Perryville in Cecil County, Rocky Gap Casino in Allegany County, Ocean Downs in Worcester County, Horseshoe Casino Baltimore in Baltimore City, …

Who may apply

for-profit, individual

Deadline

See program details

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