Areas Served: Chenango County
The Development Chenango Corporation operates the Business Assistance Loan Fund to provide loans of up to $100,000 to local businesses for construction of a new building, renovations, additions, purchases of capital equipment, product development, working capital and other legitimate purposes that are consistent with the Economic Development Mission of DCC.
Projects are expected to create or retain jobs or have other significant impact on the County’s economic environment.
The loans are made at a fixed rate, and the term varies dependent upon the use of the funds.
A general benchmark of loan funds per job is $10,000 per each Full Time Equivalent (FTE) job created and/or retained.
Contact Information
Development Chenango Corporation
Address: 19 Eaton Avenue
City: Norwich
State: New York
Website:
https://www.chenangony.org
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