Free Calvert Economic Development Loan Fund Seminar Offered to Calvert Businesses

PRINCE FREDERICK, Md., -- April 17, 2000 -- The Department of Economic Development will present an information presentation about the Calvert Economic Development Loan Fund (CEDLF) on Thursday, May 18, 2000 from 1-2 PM. The Seminar is open to all interested Calvert businesses. Attendees can expect to learn more about the application process and how the Loan Fund can be used.

The CEDLF is a revolving loan that provides an alternative-funding source for business expansion in Calvert County. Businesses may be eligible if: primary sales/activities are manufacturing, wholesale trade and/or business services, the business is a legal entity qualified to do business in the State of Maryland and has a minimum two-year operating history with a completed business plan. Selected business startups may be eligible. Help in preparing a business plan is available. The maximum loan request is limited to $25,000; the minimum loan request is $2,500. Loans considered desirable are those that are used to purchase fixed assets, equipment, inventory and finance contracts as well as loans to expand business in Calvert County. The Fund may NOT be used for debt refinancing.

The Seminar will be held at the County Conference Room at Lusby Office Suites, 162 Main Street, Prince Frederick. Please call the Department of Economic Development at 410.535.4583, e-mail cced@co.cal.md.us, for more information or to reserve a seat. Please provide name, address, phone number and Email. Seating is limited. Light refreshments will be available. Registration deadline is May 12, 2000.

For more information on the Calvert County, Maryland Department of Economic Development, our visitor sites and attractions and the services available to assist County businesses, call 410.535.4583, 800.331.9771 or 301.855.1880; or send an e-mail to info@ecalvert.com