Grant opportunity · Allegany County Economic and Community Development (ECD)

Business Expansion Deferred Loan Program (BEDL)

$10,000 – $50,000 per award

About this opportunity

The Business Expansion Deferred Loan Program (BEDL) provides forgivable loans to small for-profit businesses looking to expand or establish themselves in Allegany County. Loans range from $10,000 to $50,000 at interest rates better than traditional lenders. Up to 50% of the loan can be forgiven based on performance metrics defined by the applicant, such as job creation or increased export capacity. Payments can be deferred for up to six months after loan draw. The program supports businesses seeking to improve their products or services by purchasing essential equipment and other tangible assets that expand productive capacity. It helps new companies establish themselves in Allegany County and helps existing companies grow to create more jobs, increase their ability to sell products out…

Who may apply

for-profit

Deadline

See program details

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