Baltimore | Resource Profiles
BCL Guidance Line of Credit (GLOC)
The BCL Guidance Line of Credit is focused on the small to mid-size developer and/or contractor who has a need for a committed source of funding. It supports the activity of a borrower who anticipates acquiring and rehabbing a series of properties. This is designed for developers (including non-profits) and individual investors with a vision to rehabilitate properties in low- and moderate-income neighborhoods of Baltimore City.
Line of Credit
The Baltimore Community Development Financing Corporation was created as a financing intermediary in 1989 to promote the revitalization of neighborhoods within Baltimore City. The entity was federally certified as a nonprofit community development financial institution (CDFI) in 2002, changed its name to Baltimore Community Lending (BCL) in 2006.