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Economic Development Programs & Event Blog 

The Economic Development Revolving Loan Fund

The Economic Development Revolving Loan Fund

PROGRAM MISSION

The purpose of the ED-RLF is to assist with business financial needs that will create and retain employment opportunities in the City of Seat Pleasant; with major emphasis on employment for persons from low-to-moderate income households.

APPLICATION INFORMATION

  • Applications are accepted year-round
  • Applicants must be Seat Pleasant residents or business owners within the corporate limits of the city

Eligible Uses Include:

  • Land Acquisition (in conjunction with building purchase or construction)
  • Purchase and Installation of Machinery and Equipment
  • Working Capital (direct labor cost of inventory only)
Smart Buy Program

Smart Buy Program

The Seat Pleasant Smart Buy Program can help qualified applicants with eligible student debt purchase a home. The program offers highly attractive financing and closing cost assistance for move-in ready homes in a great location. This includes loan forgiveness to eliminate student debt. A portion of the Seat Pleasant Smart Buy mortgage loans provides down payment assistance through Maryland Department of Housing and Community Development. This is security that only the City’s Smart Buy initiative can provide.

  • Eliminate Student Debt
  • Move-in-Ready Homes
  • One Convenient Monthly Payment
  • Attractive Financing and Closing Cost Assistance
  • Straight Forward Home Buying!
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