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Adams County Unveils Homebuyer, Business Loan Programs

The Adams County Economic Alliance is gearing up for the next year with plans to help local businesses grow and expand. As part of this mission, the Alliance has announced several new loan programs available to small businesses in Adams County.

The Adams County Homebuyer Assistance Program offers $10,000 loans for down payments or closing costs for those looking to become homeowners in Adams County. With a goal to help 25 households become homeowners by 2025, the program is designed to attract and retain talent in the area. The median cost of an Adams County home rose to $279,750 in 2022, making it difficult for first-time homebuyers to afford a property. The Alliance hopes that this program will help stem the tide of rising home prices and make homeownership more accessible to those working in Adams County.

The Spark Loan Program is a new revolver loan program available to small businesses in Adams County. With a goal of creating investment and growth opportunities within the local small business community, the program offers loans of up to $500,000 with low interest rates and fixed-rate payments. The program is designed to provide working capital, inventory, equipment, and other resources needed for business growth.

The Adams County Economic Alliance is committed to supporting small business growth and expansion in Adams County. With a combination of low-interest loans and community development resources, the Alliance hopes to create a more vibrant and sustainable economy for the area.

For more information on the Adams County Homebuyer Assistance Program or Spark Loan Program, visit the Adams County Economic Alliance website.

Story source: Adams County Economic Alliance

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