The WorkABILITY Loan Program helps Maryland residents with disabilities qualify for low interest loans to buy equipment to support employment, work from home or start small businesses.

 

Who Can Apply?

Any Maryland resident with a disability using the loan to purchase equipment to start or maintain traditional employment, establish home-based work, start a small business, or purchase other employment-related equipment that assists in removing barriers to employment or maintain ongoing employment. By increasing opportunities to access work, current barriers to employment such as inadequate transportation, fatigue, inaccessible work environments, and the need for personal assistance are reduced or eliminated.

 

Will Everyone Be Able To Get A Loan?

No. You must have a good likelihood of repaying the loan. The program will look at your income, debt, credit history, etc. Some applicants will be denied. But the program's criteria – much less stringent than banks use – will enable many people to get loans that banks would turn down.

 

How Much Can I Borrow?

From $500 to $60,000.

Up to ten years financing on certain vehicles. ​


* Unsecured loans available up to $5,000. Unsecured Home Modification Loans up to $10,000. ​Other restrictions may also apply.

What Is The Interest Rate?

All loans have below-market interest rates. Most loans have rates below prime.

 

What Types Of Equipment Can I Buy?

  • Computers, printers, and related peripherals
  • Software
  • Office machines (e.g. fax machines, scanners, calculators)
  • Office furniture, job-related machinery
  • Home and/or home office modifications for accessibility
  • Assistive technology (Any device that enables an individual with a disability to live or work more independently.)

 

What Are The Application Criteria?

Any Maryland resident with a disability using the loan to purchase equipment to start or maintain traditional employment, establish home-based work, start a small business, or purchase other employment-related equipment that assists in removing barriers to employment or maintain ongoing employment.  All work-related equipment purchased through the WorkABILITY Loan Program must belong to the individual with the disability. ​


Money Management Services
The WorkABILITY Loan Program has partnered with GreenPath Financial Wellness ​​to offer money management​ service​s.  ​