Garrett County Government - Department of Business Development

Low Interest Financing for Western Maryland Businesses Available Through Summit Financing Solutions

Last Updated on Jul 29, 2021 at 10:35am | Business Resources

The Tri-County Council for Western Maryland (TCCWMD) is offering businesses located in Allegany, Garrett and Washington counties low interest financing through Summit Financing Solutions Revolving Loan Fund Program
 
Apply now while funds remain available!
 
  • Interest rates as low as 0% for the first 12 months
  • Loan amounts range from $10,000 to $500,000
  • Eligible purposes include: business acquisition, building improvements, equipment purchases, business start-up costs, and working capital
  • Terms up to 15 years
  • Loans under $25,000, quick turnaround time & flexible terms
  • Businesses must meet the following criteria to apply:
  • The business must be a business entity in good standing with the State of Maryland
  • Principal place of business must be in Allegany, Garrett, or Washington County
 
For additional information, please contact Chris Funk, Business Development Loan Officer, at 301-689-1300 or cfunk@tccwmd.org