Mid-Hudson Regional Revolving Loan Trust Fund
History
Created by the five counties of the Hudson Valley (Orange, Sullivan, Ulster, Dutchess
and Putnam) and the Empire State Development Corporation, the Mid-Hudson Regional
Revolving Loan Trust Fund is designed to help small businesses grow and to create
jobs. The MHRRLTF offers the following.
- Low-interest
- Fixed rate
- Revolving line-of-credit
- Loan guaranteed
- Loan amounts from $10,000 - $75,000
- Up to 50% of total cost of project(s)
Application Process
To print a loan application
click here. (PDF File)
Start-up businesses need to submit a business plan that includes:
- Description of the business
- Market analysis and projections
- Marketing Plan
- Uses for loan
- Two years of financials
- Summary of business plan with details on current operations and need for
the loan.
All applications are reviewed by the Revolving Loan Fund Committee within 30
days of receipt. Decisions are made based on inability to finance projects through
the usual lending sources, good character and reputation.
Loan Contact
Carol Smith, Vice President
Government Initiatives & Special Projects
Orange County Chamber of Commerce
(845) 457-9700
carols@orangeny.com