Areas Served: Monroe County
MCIDC has a revolving loan fund which is used to assist expanding businesses with “gap” financing for fixed assets and working capital.
Low interest loans are available for up to $75,000 with a term not exceed seven years.
Documents Required to Apply – Description of project to be financed.
– Last three years financial statements, including corporate federal tax returns.
– Interim financial statement within 90-days of application – Two years of projected balance sheet and income statement with assumptions – Accounts receivable and accounts payable aging within 90 days of application – Personal financial statement and federal tax returns of any shareholder with 20% or more ownership.
Contact InformationMonroe County, New York
Address: 8100 City Place
City: Rochester
State: New York
Website:
http://www.monroecounty.gov/economic-loanfund.php
Leave a Reply