This is a HUD-funded revolving loan fund. Contact Rensselaer County Economic Development and Planning at (518) 270-2914 for more information.

• Available to new and existing businesses (manufacturers, wholesalers, retailers with 10 or more employees, and some service businesses located in Rensselaer County).
• Minimum loan amount is $25,000; maximum is $250,000.
• Loan cannot exceed 40 percent of total project financing.
• One job must be created (within three years) for each $25,000 borrowed.
• Retail enterprises must employ at least 10 workers at the time of loan closing to be eligible.
• Fifty-one percent of jobs created must be made available to those in low- to moderate-income families.
• Loan proceeds may be used to acquire fixed assets, purchase inventory, support current accounts receivable and to refinance existing debt where such refinancing is a required element of total project financing.

For more information about any New York Business Development Corporation loans, call (800) 923-2504.

The Micro Loan Program provides alternative credit scoring for smaller loan requests.

• Loans are considered on a case-by-case basis.
• Funds can be used for working capital, real estate, leasehold improvements, machinery and equipment, relocation, debt refinancing and business acquisitions.
• Loan amounts range from $50,000 to $150,000.

The 504 Loan Program provides funding for up to 90 percent of any project for small to medium-sized businesses.

• Loan amounts are $1.5 million for standard loans, $2 million for public policy loans (public policy loan limits relate to businesses that include, but are not limited to, minority-owned, women-owned, veteran-owned, or located in rural or economic development areas) and $4 million for manufacturing loans.

For more information about the loan programs available contact the Capital District Community Loan Fund at (518) 436-8586.

The Micro Loan Fund offers low-interest loans to small businesses in the Capital Region.

• Loans are made to micro enterprises owned by or benefiting women, minorities and low- income entrepreneurs.
• Loans are made up to $10,000 to those just starting a business and up to $35,000 to those expanding a business.

The Non-Profit Loan Fund provides funding to community or economic development projects and organizations in the Capital Region.

• Loans are made up to $300,000.
• Loans can be used to renovate property or purchase equipment or for cash flow while awaiting funds from other resources.

For more information, contact the North Greenbush IDA at (518) 283-2714.

The Micro-Enterprise Fund makes loans to companies with no more than five employees (including the owners) located in North Greenbush.

• The average amount is $25,000.
• Interested businesses should submit an application and business plan, which are then reviewed by a representative from the North Greenbush IDA.
• Job creation is the primary goal of the loan program.
• Loan terms typically include a low-interest rate and deferral of principal and interest payments.

The Venture Capital Fund provides loans or equity investments in larger companies located in North Greenbush.

• Loans range from $50,000 to $100,000 and can be implemented in multiple phases.
• The fund provides low-interest rates and deferral of principal and interest for an initial period of time.

For more information, contact the Troy IDA at (518) 270-4589.

• Funds are available to eligible for-profit businesses and commercial property owners in the City of Troy.
• Minimum loan amount is $25,000; maximum loan amount is $250,000.
• Applicant must contribute 10 percent and loan amount cannot exceed 40 percent of total project financing.
• One job must be created for every $35,000 borrowed.