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$2 Million Infusion to County’s Small Business Revolving Loan Fund

Through a strategic repositioning of a commitment made to Montgomery County as a result of County Executive Ike Leggett’s October 2008 business development mission to Korea, the County has made a critical two-million dollar infusion into its Small Business Revolving Loan Fund (SBRLF).

The SBRLF was established in 2002 as part of the Montgomery County Economic Development Fund Grant and Loan Program (EDF) and is managed by the Department of Economic Development (DED). Since then, more than $1.883 million in SBRLF loans has been distributed to 30 County businesses, many of which are minority owned.

This $2 million investment boosts to $2.4 million the amount available this year for small business loans. Read more.

CATEGORIES: Economy
POSTED AT: Tuesday, March 23, 2010 | 5:00:00 PM |
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Last edited: 11/8/2010