​Loan Programs
Town of Snow Hill Business Loan

• Up to $20,000 at 3% interest rate with matching collateral. 
• Application

VLT Loan Program

• $25,000-$500,000 priced below current market interest rates
• http://commerce.maryland.gov/fund/programs-for-businesses/vlt

Maryland Capital Enterprise Fund

• 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

Neighborhood BusinessWorks Loans

• https://dhcd.maryland.gov/Business/Pages/NBW.aspx

Grant Program - September 2021
PUBLIC COMMENTS accepted thru 9/28/21 
​RE: Community Legacy Grant *NEW PROCESS*
Please email mresto@snowhillmd.com with your input, questions and/or comments on the below documents.

• Community Legacy Grant Application
• Community Legacy Grant Guidance for Application

​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

Arts & Entertainment District

• Tax benefits to those commercial properties located in this zone
• https://www.msac.org/node/62709

Maryland Historic Trust

• Tax Credit Program
• https://mht.maryland.gov/taxcredits_small_commercial.shtml

Maryland Opportunity Zone

• 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

Shore Hatchery Competition at Salisbury University

• 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

Contact the Town of Snow Hill at 410-632-2080 for unique opportunities and additional information.

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