Areas Served: City of Albany
The Albany Colonie Chamber offers the Albany Local Development Corporation Fund for businesses located in or moving into the Albany County, New York.
– Created and funded by local banks in 1995 – Provides financing to small businesses in Albany County which may not be eligible for traditional financing Overview – Loans and lines of credit from $1,000 – $25,000 – Terms up to five years – Loans can be used for working capital and the purchase of fixed assets including real estate – Loans cannot be used to pay delinquent taxes or refinance any existing debt including credit cards – Rate is the prime rate plus 2% – $100 application fee
Contact InformationAlbany-Colonie Regional Chamber of Commerce
Address: Five Computer Drive South
City: Albany
State: New York
Website:
https://capitalregionchamber.com/micro-loan-programs-2/
Leave a Reply