LA PLATA, Md. (January 25, 2011) — Charles County Office Furniture, a local, woman-owned company, is the recipient of $25,000 low-interest loan courtesy of Charles County’s Disadvantaged Loan Program.
The White Plains-based business, owned by Carolyn Nichting, provides office furniture to various commercial, federal, state, county, educational and institutional entities. Services provided include: design assistance, layout designs, servicing, delivery, design consultation, and accessories.
Ms. Nichting was recently recognized as Charles County’s Entrepreneur of the Month and one of the Region’s Top 100 Minority Businesses.
“With my recent low-interest loan of $25,000 from the County’s Disadvantaged Loan Program, I will strengthen my capital position which suffered like so many others due to the economic recession, while also allowing me to further provide the need and service to my clients going forward,” commented Nichting in a statement. “I am very grateful to the County and hope other local business owners will be able to benefit from this program.”
The Charles County Disadvantaged Business Loan Fund is available to for-profit certified minorit-owned businesses (MBE), woman owned businesses (WBE), or veteran owned businesses (VBE) with a primary location in Charles County. The applicant must demonstrate that the loan proceeds will enable the business to grow or enhance the businesses productivity or increase its profitability and be willing to secure the loan with the best available collateral (including personal assets) and the personal guarantee of the owner or owners.
Loan proceeds may be used for equipment, new or used, and for working capital such as inventory.
For more information on the Disadvantaged Loan Fund please contact the Charles County Accounting Office at 301-645-0567, or on the web at
www.charlescounty.org/businesses.html.