Areas Served: Ulster County
Ulster County Revolving Loan Funds provides financial assistance to businesses within the boundaries of Ulster County, New York.
Loans are available for up to fifty percent (50%) of the total project cost, up to a maximum of $75,000. The interest rate is four percent (4%).
Loans must help create and/or retain jobs.
Lending Priorities as adopted by the Ulster County Revolving Loan Fund Committee on 8/14/2007: Loans for businesses that are retaining or expanding jobs in the areas of niche manufacturing, advanced technology, clean tech, or enterprise that focuses heavily on knowledge, information processing, innovation, or talent.
Loans for businesses that have or plausibly project jobs that pay above the median Ulster County wage and that have employee benefits such as health insurance.
Loans for business that involve strategic sectors or other priority purposes identified in the Ulster Tomorrow Economic Development Plan.
Loans should be avoided to businesses primarily retail in nature or that might give an unfair advantage to an applicant that is engaged in a line of business having a large number of local competitors.
These guidelines are intended to be flexible and exceptions may be made on a case by case basis.
Contact InformationUlster County Development Corporation
Address: 5 Development Court
City: Kingston
State: New York
Website:
http://www.ulsterny.com/index.php?option=com_content&view=category&layout=blog&id=157&Itemid=116
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