Genesee/Finger Lakes

Regional Planning Council

Revolving Loan Fund

 

 

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The Regional Revolving Loan Fund is available* for small and medium sized businesses needing resources and generally participates with other public and private financing tools for:

  • Fixed asset loans (eg. acquisition and improvement of land, buildings, plant and equipment, including new construction or renovation of existing facilities, demolition and site preparation)*

  • Working capital loans for the start-up of new businesses or conduct of current businesses*

*Loans are subject to availability of total funds and for each type of loan at time of application

 

 

Some of the Eligibility Requirements

Some of the Financing Parameters

Application Procedures

Most Industrial and service activities including:

  • Manufacturers

  • Non-retail service businesses

Borrowers must own and operate a business within the Genesee/Finger Lakes Region.

  • Genesee County

  • Livingston County

  • Monroe County

  • Ontario County

  • Orleans County

  • Seneca County

  • Wayne County

  • Wyoming County

  • Yates County

  • Maximum loan is  $200,000.

  • Minimum loan amount is $20,000.

  • Demonstrate that credit is not otherwise available on terms and conditions that permit the completion or successful operation of the activity to be financed.

  • Meet financing policies including but not limited to equity participation, repayment terms, and collateral requirements.

Some applicant responsibilities include:

  • application

  • meeting all requirements

  • evidence of job creation/retention

  • application fee

  • loan closing costs

Step 1

Applicant contacts us at Genesee/Finger Lakes Regional Planning Council or contacts local industrial development agency (IDA) in area where project is located

 

Step 2

If the project is determined a fit and all requirements** can be met, then the application and instructions, along with assistance, is provided to the applicant.

 

Step 3

Completed application, supporting documentation, and application fee are submitted for consideration to RLF coordinator.

 

** Consideration of requirements should be determined prior to application.

 

50 West Main Street, Suite 8107
Rochester, New York 14614
tel:  585.454.0190
fax:  585.454.0191

 

Last Modified:  September 15, 2010