Areas Served: Essex County
Essex County, New York IDA manages a loan pool that leverages several funding sources to allow business and industry access to an assortment of diverse financing programs to encourage economic development.
This cooperative approach to financing opportunities offers the prospective borrower a single point of contact and a single application process through which several financing sources may be accessed.
Technical assistance is also available.
Terms & Conditions: conditions of loan will be determined by the IDA at its discretion, based on such factors as the structure of other related loans, the nature of the collateralized assets and borrower’s projected ability to pay.
Terms of loan of a fixed asset loan will generally be consistent with the useful life of the assets being financed, such as life periods being consistent with standard commercial lending policies.
Land & Building – up to 15 years, Machinery & Equipment – up to 10 years and Working Capital – up to 5 years Eligible uses of funds: Fixed assets, current assets (including; inventory, receivables and permanent working capital), business activities (manufacturing (defined as; fabrications, assembly, processing, growing, packaging, or other enterprises that involve production of an end product), retail, other (transportation, utilities, communications, construction trades, wholesale distribution, agriculture, forestry, accomodations, recreation, food & beverage, art/craft and professional services)
Contact Information
Essex County, New York
Address: 7566 Court St
City: Elizabethtown
State: New York
Website:
https://www.essexcountyida.com/
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