Laurel Medical Center held a ribbon cutting; $15 million in small business relief announced; and the First Baptist Church of Glenarden hosted a reentry fair.
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Governor Wes Moore today announced a $15 million commitment to minority-led small business lender Lendistry to provide relief to Maryland small businesses. The commitment is the latest investment through the State Small Business Credit Initiative, through which Maryland is deploying up to $198 million in federal relief.
“As the first Community Development Fund Institution to begin offering loans through Maryland’s State Small Business Credit Initiative program, Lendistry will unlock opportunities for small businesses to grow and expand in the state,” said Gov. Moore. “Through this infusion of funds, the state can work with lenders to reach even more businesses that need investment to support their success.”
The initiative is administered by three state agencies through nine programs. Through the Department of Housing and Community Development’s Neighborhood BusinessWorks Loan to Lender program, Lendistry will be able to lend