The Lake Champlain – Lake George Regional Planning Board operates a regionally based Revolving Loan Fund (RLF) program that provides financing to support the growth of small businesses throughout the North Country. The program provides low-cost, short-term financing to start-ups and expanding businesses.
The Regional Planning Board operates loan funds that were originally capitalized by grant funds from the US Department of Commerce in 1985, 1988, 2000, 2012 and 2020. In total, the Regional Planning Board has received $5.3 million in grants to capitalize its Funds. Since the Fund’s inception in 1985, almost $15 million in capital has been loaned to businesses within the region.
Currently, the Regional Planning Board’s loan portfolio consists of 50 loans throughout Clinton, Essex, Franklin, Hamilton, Jefferson, Lewis, St. Lawrence, Warren, and Washington Counties totaling $5,292,000 in loaned capital.