Small Business Loan Guarantee
Investing in Small Business
The Frederick County Small Business Loan Guarantee provides another source of financing for existing and aspiring small business concerns in Frederick County.
The program provides a loan guarantee for to 80% with a maximum of $50,000 for growth-related expansion projects to existing businesses and provides funds for the purchase of real estate, machinery, equipment, inventory, working capital and renovation of real estate to start-up businesses (or those in business for less than two years). The business must be located in a Frederick County priority funding area. Priority funding areas cover most municipalities and major transportation corridors in the County.
Businesses can get started by contacting a local commercial lender and mention interest in the Frederick County Small Business Loan Guarantee program.
For additional information related to the Frederick County Small Business Loan Guarantee, please contact the Office of Economic Development at 301-600-1058.