About Us

About Us

Vision Statement

The Prince George’s Financial Services Corporation (FSC First) is recognized as the premier lender of non-traditional financing for small and minority-owned businesses in Prince George’s County and the State of Maryland.

Mission Statement

FSC First is a non-profit organization whose mission is to provide small and minority-owned businesses access to creative, flexible and innovative financing solutions for their operations; including direct loans, accounts receivable financing, and contract financing ranging between $25,000-$250,000; including commercial real estate and equipment loans up to $4.0 million.

Our History

The Prince George’s Financial Services Corporation (FSC First) was first founded as a 501 c (3) non-profit corporation.  In 1982, the United States Small Business Administration designated the organization as a Certified Development Company (CDC).  As a CDC, FSC First is responsible for promoting the availability of SBA and non-SBA economic development financing programs and providing unconventional financing to small and minority-owned businesses in Prince George's County. In July of 2001, the Prince George’s Financial Services Corporation became an autonomous agency funded in part by Prince George’s County.  Shelly Gross-Wade was appointed two months later to lead the organization.  FSC First restructured the organization in staff in March of 2007 to allow for enhanced customer service and a quicker loan response to borrowers. Why is FSC Different?

The Prince George’s Financial Services Corporation is the only Certified Development Corporation authorized to issue both the Small Business Growth Fund loan and SBA 504 commercial loan transaction.  FSC is also designated as a Community Development Financial Institution (CDFI) as designated by U. S. Treasury Department.  The FSC has developed local and regional strategic alliances with key economic development agencies and business resource providers who assist in bringing comprehensive resources to their clients, such as management and technical assistance, bonding, and procurement assistance. Our President, Shelly Gross-Wade, participates in the development & implementation of Economic Development strategies for the County through the Government Operations and Environmental Services Group in the County Executive’s Office of the Prince George’s County government.  The FSC has a collaborative network within the County Administration that allows us to assist our clients with more than financing, such as permitting issues and site selection.

Why Choose FSC?

• Staff is comprised of a uniquely qualified team of financing and marketing professionals; Proven track record — regionally and nationally recognized
• Committed members of the local business community serve on the Loan Review Committee and Board of Directors
• Strategic alliances with the Prince George’s County Economic Development Corporation, Chambers of Commerce, MD SBDC-CM, City of Bowie, Meridian Management (MSBDFA), SBA and 10-15 local banks
• Value-added service of complementary management and technical assistance, counseling and training is provided.