Areas Served: City of Batvia
The Department of Community Development administers the City Loan Fund.
Businesses that create or retain jobs in the City of Batavia are eligible for assistance.
A business can obtain loans of up to $30,000 for equipment, real estate acquisition or improvements, or working capital.
Loans can be obtained for to 5 up years.
Current rates are the prime rate -1 for targeted businesses such as manufacturing and niche retail or restaurants.
Other businesses receive a prime +1 rate.
Decisions on loans are made by a committee of local peers who run businesses in Batavia or live in Batavia.
Contact InformationCity of Batvia, New York
Address: One Batavia City Centre
City: Batvia
State: New York
Website:
http://www.batavianewyork.com/community_development.html
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