SMALL BUSINESS LOAN PROGRAM BEING DEVELOPED

Allegany County is developing a loan program for businesses with fewer than 15 full-time employees. The Business Expansion Deferred Loan Program will offer loans of up to $50,000 to eligible companies seeking to implement expansion plans. The company must be physically located in Allegany County. Interested companies should seek assistance with their expansion plans through the Small Business Development Center located at Frostburg State University.