BALTIMORE (WJZ) — Lexington Market, along with the University of Maryland, Baltimore, and other financial groups are partnering to create the $1 Million Lexington Market Accelerator Fund.

The money will fill the need for small business owners, especially minority owners, who traditionally face barriers to accessing capital.

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The loans range from $10,000 to $150,000 and are meant for the businesses and owners who will be part of the new market.

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That market is currently under construction and is expected to open next year.

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The fund was created in partnership with Baltimore Community Lending (BCL), University of Maryland, Baltimore, the T. Rowe Price Foundation.

CBS Baltimore Staff