ACE Loan Program



The Montgomery County Economic Development Corporation’s (MCEDC) Accelerating Community Excellence (ACE) Loan Program assists eligible small businesses in underserved communities. MCEDC was selected as a fund manager to lead the ACE Loan Program by the Maryland Small, Minority, and Women-Owned Business Program, also known as the Video Lottery Terminal (VLT) Program.

With LEDC’s strong track record of services to the Latino and underserved communities in the Greater Washington-Baltimore region, we are partnering as the program’s fiduciary agent to disburse these loans to small, minority, and women-owned businesses in Montgomery County and throughout Maryland.


Start your application here: ACE Pre-Qualification Form


The ACE loan program is part of the state Dept. of Commerce’s VLT loan program, created to assist minority and women owned small businesses with a percentage of the proceeds from video lottery terminals from the state’s six casinos. At least 50% of the VLT program funds must be deployed to eligible small businesses located within a certain targeted radius surrounding the state’s six casinos. Since there are no Montgomery County casinos in Maryland, the MCEDC-managed ACE program will target the remaining 50% of its funding to eligible Montgomery County small businesses.

Watch Info session




Frequently Asked Questions about ACE

Official Press Release: MCEDC with Partner LEDC Selected as New Fund Manager to Provide Loans to Maryland Small, Minority and Women-Owned Businesses