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Overview

Through the Anne Arundel Economic Development Corporation, businesses can also get guidance on state, federal and private financing.

  • Arundel Business Loan (ABL) Fund: ABL loans can assist county small business with financing of up to $300,000. Most loans are guaranteed by the U.S. Small Business Administration (SBA).
  • Arundel Community Reinvestment (ACR) Fund:  The ACR Fund is designed to spur economic activity, investment and improvement in Anne Arundel County. Eligible areas include the Anne Arundel County’s 16 Commercial Revitalization Districts.
  • The VOLT Fund Loan Program: Businesses in Maryland may qualify for a loan of between $25,000 to $500,000 for expenses such as business and commercial real estate acquisition and expansion, lease-hold improvements, equipment and vehicle purchase, and working capital.
  • Arundel Micro Loan Fund (AMF): Microloans range from $5,000 to $35,000 at a fixed rate of 6.50% with a one percent loan fee and a closing fee of $250. 

How To

To make an appointment with Steve Primosch, Vice President of Financial Services, tell us about your business financing needs by taking this quick survey.

Anne Arundel Economic Development Corporation
2660 Riva Road
Suite 200
Annapolis, Maryland 21401
(410) 222-7410
info@aaedc.org

AAEDC is open Monday to Friday from 8:30 a.m. to 5:00 p.m.

Related Information

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Location

2660 Riva Road
Annapolis, MD 21401

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