|
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 |
