Loans

Linked Deposit Program

Offered By: Empire State Development

For manufacturing and service businesses, the Linked Deposit Program provides businesses with affordable capital based on bank loans at reduced interest rates with a maximum loan amount of $500,000 for four years.


Al Tech Loan Fund

Offered By: Albany County Chamber

The Al Tech Loan Fund is a Technology Acceleration Loan Fund created to promote high-tech Industry. The funds generated from the repayment of the Al Tech Loan Fund must be used to create and retain jobs in Albany County. The Albany-Colonie Regional Chamber of Commerce is the agent for the Albany County Business Development Corporation which administers the Al Tech Trust Fund. The current amount available for request is $50,000 – $500,000.


Technology Acceleration Fund (TAF)

Offered By: Albany County Chamber

The Albany County Business Development Corporation’s Technology Acceleration Fund (TAF) promotes high-tech growth and prosperity by offering loans to emerging technology ventures in Albany County. TAF loan amounts are typically in the $150,000-$250,000 range.


U.S. Small Business Administration Microloan Program

Offered By: U.S. Small Business Administration (SBA)

The Microloan Program provides very small loans to start-up, newly established, or growing small business concerns. The maximum loan amount is $35,000, however, the average loan amount is around $13,000.


Community Loan Fund of the Capital Region

Offered By: Community Loan Fund of the Capital Region

The CDCLF works to provide equitable access to capital and economic opportunity by pooling investments and donations from concerned individuals and organizations and re-lending it to non-profit organizations for housing and community improvement and to micro enterprises for business development. Short- and long-term loans are available up to $500,000.


Adirondack Economic Development Corporation (AEDC) Business Loan Program

Offered By: Adirondack Economic Development Corporation (AEDC)

The AEDC Business Loan program provides access to capital for start-up and existing businesses located in and around the Adirondack Park. Loans provided from $500 to $35,000.


Microenterprise Assistance Program

Offered By: Greene County Planning and Economic Development

Loans available for start-up and existing businesses (with five or fewer employees) located in Greene County that are either owned by low and moderate-income persons or that will create jobs for low and moderate income persons. All business sectors – including industry, retail, services, agriculture and tourism – are eligible for the program. The maximum amount available is $25,000.