The fund is designed to grow with proceeds paid back by borrowers, when can then be lent to new applicants.
Heidenreich said loans are made "based on whether that particular business is going to be an asset, or is an asset in the town and is part of the kaleidoscope [of local businesses]."
Former liquor board chairman honored
Commissioners Vice Chairman Rob Reier presented a proclamation to Donald Hess, who stepped down as chairman of the Harford County Liquor Control Board after his term expired last month.
Hess had spent more than 18 years on the board and was not reappointed by Harford County Executive David Craig.
Reier said county legislation supported by the liquor board under Hess helped bring bars and chain restaurants such as the Bonefish Grill to Bel Air.
He said town officials are "very thankful for Mr. Hess."
Arbor Day in Bel Air
Commissioner Susan Burdette presented a proclamation to Rowan Glidden, chairman of the town's Tree Committee, and Michael Simini, vice chair, in honor of Arbor Day.
April 26 will be proclaimed Arbor Day in Bel Air, in honor of the national celebration of planting trees.
Burdette, who also serves on the Tree Committee, noted "the intellect and the experience of all the members" of the committee.
The committee is supporting tree-planting projects along Fulford Avenue and Plumtree Park in town, and was part of a project to give away 200 tree seedlings during the opening of the Bel Air Farmers' Market Saturday.