Loan Programs
Town of Snow Hill Business Loan
Capital Improvements Grant (Application due February 28th!)
Please email mresto@snowhillmd.com with your input, questions and/or comments on the below documents.
Tax Credits
Enterprise Zone
Additional Opportunities
Maryland Small Business Development Center
Town of Snow Hill Business Loan
- Up to $20,000 at 3% interest rate with matching collateral.
- Application
- $25,000-$500,000 priced below current market interest rates
- http://commerce.maryland.gov/fund/programs-for-businesses/vlt
- Start-Up Loans- $5,000-$50,000, up to 10 years, 5% to 12% interest
- Expansion Loans- $5,000- $150,000, up to 10 years, 5% to 12% interest
- https://www.marylandcapital.org/services/business-loans
Capital Improvements Grant (Application due February 28th!)
Please email mresto@snowhillmd.com with your input, questions and/or comments on the below documents.
Tax Credits
Enterprise Zone
- Tax benefits to those commercial properties located in this zone
- http://commerce.maryland.gov/fund/programs-for-businesses/enterprise-zone-tax-credit
- Tax benefits to those commercial properties located in this zone
- https://www.msac.org/node/62709
- Tax Credit Program
- https://mht.maryland.gov/taxcredits_small_commercial.shtml
- New investments, under certain conditions, may be eligible for preferential tax treatment. For investors seeking capital.
- https://dhcd.maryland.gov/Pages/OpportunityZones.aspx
Additional Opportunities
Maryland Small Business Development Center
- Assistance provided Tues. and Wed. from 9am-12pm at Worcester County Economic Development office
- Contact Tim Sherman at 410-548-4505 to schedule an appointment
- http://www.mdsbdc.umd.edu/locations/eastern-region
- An annual event to reward individuals for their entrepreneurial efforts in the creation and growth of businesses with the potential of positively impacting regional employment
- https://www.salisbury.edu/academic-offices/business/shore-hatchery/index.aspx
