Empire Zone /Statewide Zone Capital Corporation
- The purpose of the Statewide Zone Capital Corporation Loan Fund is to promote the development of new businesses, the expansion of existing businesses and the development of human resources in the Zones by providing loans to or investments in Certified Zone Businesses. Statewide ZCC will process and underwrite all loan/investment applications generated by the Zones through 11 regional committees and one central investment committee.
Loans range from $30,000 to $300,000 and may be used for a broad range of purposes including facility acquisition or renovation, machinery and equipment, working capital lines and inventory financing.
JCIDA Revolving Loan
- Offered through the Jefferson County Industrial Development
Agency.
D.A.N.C. / Community Development Loan
Fund
- The Development Authority of the North Country -
Community Development Loan Fund provides financing to businesses in Jefferson,
Lewis and St. Lawrence Counties, with priority given to projects of regional
significance to the North Country. The loan fund targets projects that
positively effect the region or enhance particular business sectors. Eligible
activities include manufacturing, warehousing and distribution, industrial
reuse, downtown/commercial revitalization, infrastructure facilities, and
selected agricultural projects. Funds are provided for real estate,
machinery and equipment, and working capital. The terms and interest rates
are flexible and primarily driven by the project need and useful life of the
assets being financed. A target interest rate of 6-8% has been established
and equity participation in the project being financed of at least 10% is
required.
North Country Alliance / Regional
Revolving Loan Fund - The
North Country Alliance/Regional Revolving Loan Trust Fund (RRLTF) provides loans
from $25,000 to $225,000 to eligible businesses for fixed assets and working
capital ($75,000).The general terms of the loans are as follows: Working
capital; up to 5 years. Fixed assets; up to 15 years. Each carry
rates of 8% per annum. The NCA receives funding from Rural Development.
Rural Development is an Equal Opportunity Lender. Complaints of
Discrimination should be sent to: Secretary of Agriculture, Washington,
D.C. 20250
J.C.I.D.A. Microenterprise Revolving
Loan Fund - The purpose of the J.C.I.D.A.
Microenterprise Revolving Loan Fund is to establish and create job opportunities
in small businesses in all sectors of the local economy. The Program
provides equal access to public loan funds and stimulates small business
development activity, through start-up and expansion projects. The program
targets businesses that create and retain job opportunities, for low to moderate
income residents. Types of eligible businesses will include manufacturing,
retail, service, tourism, and agriculture.
Watertown Economic Growth Fund - The Watertown Economic Growth Fund (WEGF) is a Revolving Loan Fund that provides loans to eligible businesses for fixed assets and working capital. The general terms of the loans are as follows: Working capital; up to 5 years. Fixed assets; up to 15 years. Interest rates are determined on an individual project basis.
Watertown Local Development Corp.
- The purpose of the Watertown LDC Microenterprise RLF is to stimulate small business development activity through start-up and expansion projects in a target area including and surrounding Public Square in downtown Watertown. The Fund targets businesses that create and retain job opportunities for persons of low and moderate income. Eligible businesses include retail, restaurant, service, entertainment, tourism and commercial office enterprises. Loans are intended to be directed to working businesses and will not be made for speculative ventures.
Economic Development
Corporation of Carthage (EDCC) - The Economic Development Corporation of
Carthage provides loans to all sectors of the local economy to stimulate
business development activities through the start up and expansion of
businesses, the creation and retention of jobs and the reduction of blight.
