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Business loans offered to Cumberland County small businesses - Central Penn Business Journal

Business loans offered to Cumberland County small businesses - Central Penn Business Journal
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Christy Zitsch , Economic Development , Small Business Credit Initiative , Cumberland Area Economic Development Corp , Cumberland Area Economic Development , State Small Business Credit Initiative , Very Small Businesses , Economically Disadvantaged Individual , Development Manager Christy ,

Local News - Southern Maryland Country 102.9 WKIK

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 ....

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