Baltimore County offers direct financing programs designed to encourage investment and job creation in the County. Private sector financing is leveraged with below market Baltimore County loans to help businesses expand and grow.
Additionally, the County can help you access state, federal and private financing for new and expanding businesses.
Small Business Loan Fund - This fund provides real estate and fixed-asset loans through a partnership between Baltimore County and the area's leading financial institutions.
Business Growth Loans provide direct loans or loan guarantees to new and expanding industrial and commercial businesses. Maximum loan amount is $250,000. Funds may be used to finance the acquisition and improvement of land, buildings, plant and equipment and includes new construction or facility expansion.
Advanced Technology Loan Fund Direct loans, with the participation of other lending and equity sources, provide for small technology and/or defense related businesses. Maximum loan amount is the lesser of $100,000 or 50 percent of the project's eligible costs. Funds may be used to finance the acquisition and improvement of land, buildings, plant and equipment. This includes new construction or facility expansion.
Tax Exempt Bonds Tax-exempt bond financing is available to manufacturers and 501-C3/non-profit organizations. Bond proceeds may be used to finance the acquisition and improvement of land, buildings, plant and equipment, including new construction or facility expansion. Financing is available from $1,000,000 to a maximum of $20,000,000. IRB's are also available for pollution control and waste treatment facility construction or related equipment purchases.
Learn more about Financing by visiting Department of Economic and Workforce Development or call 410-887- 8000.
Revised March 18, 2014