Areas Served: City of Annapolis
The Arundel Business Loan (ABL) Fund is a program of the Anne Arundel Economic Development Corporation that offers financing options to Anne Arundel County businesses for working capital, equipment, furniture, and leasehold improvements.
Loan options available are:
¢ Term loans with a maximum of $300,000 to new and expanding businesses operating in Anne Arundel County.
SBA lending regulations apply since the loans involve SBA guarantees.
¢ Term loans and lines of credit up to $100,000, with a State guarantee through the Maryland Industrial Development Financing Authority (MIDFA).
Eligible projects for a MIDFA guarantee include existing businesses located in a priority funding area or in an incorporated area (City of Annapolis).
Contact InformationAnne Arundel Economic Development Corporation
Address: 2660 Riva Road, Suite 200
City: Annapolis
State: Maryland
Website:
http://www.aaedc.org/financial-services-loans
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