Loan Programs

Niagara County Revolving Loan Fund (RLF)

Direct loan program designed to promote economic development by providing “gap” financing for qualified projects.
Loan amount is based on number of jobs created and/or retained.
Will provide up to one third (1/3) of total project costs with a maximum RLF amount of $200,000.
Loan proceeds can be used for working capital or fixed asset financing and bear a below-market rate.
Loan terms are 3 to 15 years based on the use of proceeds.
Most firms engaged in manufacturing, R&D, and business services are eligible.

Can provide 30% of total project costs or $250,000 (whichever is less). Funds the fixed asset portion of manufacturing, assembly, or wholesale distribution projects.
Loan amount based on jobs created/retained.
Below market interest rate, with terms of 7 years or less for machinery and equipment, and 15 years or less for real estate.

Loans are available to remediate brownfields in order to facilitate their sustainable reuse.
Maximum amount loaned is $250,000 per site.
Below market interest rate with a term of 5 years or less.