Advance Bank

4801 Seton Drive
Baltimore MD, 21215-3211


Advance Bank is a certified CDFI, that operates as a community oriented savings institution with the mission of fostering home ownership, community and economic development. Advance has traditionally served the African-American community in Baltimore, MD, but has expanded to Philadelphia by means of acquisition.

CDFI Awards for Advance Bank


TA (2004) - $78,000

Advance Bank areas will use the award to assist in preparing markets studies that will further their goals of expanding their services by opening two new branches in two new markets. The supported studies are directed at extending services to Low Income populations, non-profit organizations, and small businesses in the traditional markets served by Advance.



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In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.







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The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.




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