• Nov 26, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

TOWN OF UNION BUSINESS ASSISTANCE (TUBA) LOAN PROGRAM Interest Rate: 4% Amount of Financing: Up to 40% of eligible projects, generally not to exceed $200,000. Minimum loan is $10,000. Eligible Use of Proceeds: Fixed assets with a useful life of 5 years or more to include: Land; Buildings; Construction; Leasehold improvements; Acquisition of existing businesses; Machinery and Equipment; Trucks; Automobiles and Inventory.

Job Cost Ratio: 1 full-time job equivalent: $30,000 Central Business District (CDB) Loan Program Interest Rate: 3% Amount of Financing: Up to 25% of eligible project Costs, generally not to exceed $50,000. Minimum loan is $10,000. Eligible Use of Proceeds: Fixed asset purchase: Acquisition of Land and Buildings for use as an owner occupied building of which 51% must be used for commercial purposes.

Job Cost Ratio: 1 full-time job equivalent: $30,000 Commercial Façade Loan Program Interest Rate: 0% (principal only payments) Amount of Financing: Up to 50% of eligible projects, generally not to exceed $10,000. Minimum loan is $2,500 Eligible Use of Proceeds: Design elements that are a structural part of the commercial building (i.e. window & door replacement, exterior refinishing, and other design elements at the discretion of the LDC Board) Job Cost Ratio: None Microenterprise Loan Program Interest Rate: 2.5% Amount of Financing: Up to 75% of eligible projects, not to exceed $20,000.Minimum loan is $2,500. Eligible Use of Proceeds: Acquisition of land and buildings; New Construction; Expansion; Renovations; Leasehold improvements; Acquisition of existing businesses; Furniture and Fixtures; Machinery and Equipment; Trucks; Automobiles; Inventory; Working capital, Fees for professional services, such as appraisals, surveying, accounting, engineering and architectural.

Job Cost Ratio: 1 full-time job equivalent: $20,000



Contact Information
Town of Union, New York
Address: 3111 E. Main Street
City: Endwell
State: New York

Website: http://www.townofunion.com/ED_LDC.html

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