Industrial Revenue Bonds for
Manufacturers and 501(c) (3) Organizations
Tax exempt financing for the acquisition of land,
buildings, and equipment
IRB Bonds are sold to lending institutions, investors and
the public
IRB Purchaser determines fixed or floating interest rate
Federal law limits the terms, amount and uses of financing
Economic Development Opportunity Fund
Stimulates increased financing for new equipment and
operations by complementing traditional lenders, State or
Federal funding programs.
Local and Federal Funds used to encourage investment,
retention and job creation for working capital, equipment
purchases, land or building improvements and purchases.
Maximum Loan amount is $100,000.
Download EDOP Fund Here
Revolving Loan Fund
Provides funds to creditworthy businesses unable to
obtain financing through traditional sources due to limited
equity, collateral or cash flow.
An alternative incentive provided by the County and a
consortium of eight financial institutions to attract,
expand and retain small businesses.
1.3 Million Loan Pool.
Available to for-profit businesses including manufacturers,
wholesalers, retailers, service and agricultural companies.
Loan Amount range from $10,000 to $100,000
Download Revolving Loan Application here
Financial Partners:
Office of Economic Development
BB&T
Bank of America
1st Mariner Bank
KBank
M&T Bank
SunTrust Bank
Susquehanna Bank
Mercantile County Bank
Enterprise Loan Fund
- Partnership between M&T Bank offers a 1/4% discount
off standard interest rates to qualifying businesses to
refurbish or develop commercial property.
- Program supports Harford County's commitment to
revitalizing older industrial areas of the county and
supporting resident business retention and expansion.
- Available to businesses located along Harford County's
Route 40 Corridor, including the Edgewood/Joppa and
Greater Aberdeen/Havre de Grace Enterprise Zones.
- M&T Bank loan amounts range from $50,000 to
$3,000,000.
- Revitalization Advantage loans can be leveraged with
other Harford County Loan Funds to maximize savings.
County loans up to $100,000 may be available.
- Participating financial institution:
- M&T Bank
- Harford County Business Banking Division
Community Block Development Grant for Economic
Development
Fosters development in targeted areas.
Includes funding for:
Water and Sewer Lines to industrial sites
Extension of Rail Service to industrial sites
Construction and Renovation of new and expanding
businesses
State of Maryland Financing Programs and Federal
Financing Programs
http://www.choosemaryland.org/business/financing/
Federal Financing Programs
http://sba.gov
The United States Small Business Administration provides
several resources for funding including:
SBA504
Provides "existing viable small businesses with
long-term, below-market rate financing for the acquisition
of land, building, machinery and equipment, construction
and renovation, resulting in the creation of new full-time
jobs.
SBA7A
Provides financing to small businesses that could not
obtain financing through other channels, and are able to
meet the underwriting criteria of the submitting bank and
the SBA.
