Lake Champlain - Lake George Regional Planning Board
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ADK Small Business Resiliency Fund

In August 2020, the Lake Champlain - Lake George Regional Planning Board was awarded a $2,940,000 Revolving Loan Fund CARES Act grant from the Economic Development Administration to assist small businesses. This fund was capitalized to alleviate the sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, to provide permanent resources to support economic resiliency, and to further the long-term economic adjustment objectives of the region.

The objective of the ADK Small Business Resiliency Fund is to assist small businesses that have been affected by the COVID-19 pandemic.

Businesses can receive working capital loans for payroll and business expenses or fixed asset loans to purchase equipment, upgrade outdoor facilities, or fund resiliency projects for a business.

Loan Details

  • $25,000 - $150,000 loans
  • 0% interest for the first 12-months, then 1.9% fixed interest rate for remaining term
  • Up to 120-month term available
  • No application fee or closing costs
  • Sufficient collateral and personal guarantee required

Your business must be located in Clinton, Essex, Hamilton, Warren, Washington, Jefferson, Lewis, or St. Lawrence County in New York State.

Loan application deadline: June 1st. 2022

Interested in a loan? Please contact Heather Devitt by email, hdevitt@mvedd.org, or call (315) 866-4671
> Clinton County
> Essex County
> Hamilton County
> Warren County
> Washington County