THINKING ABOUT DOING UPDATES TO YOUR BUSINESS OR IN THE PROCESS OF STARTING A BUSINESS?

IF YOU ANSWERED YES TO EITHER OF THESE QUESTIONS THEN YOU MAY WANT TO LOOK IN TO THE

TOWN OF SCHROON BUSINESS REVOLVING LOAN FUND!

The Town of Schroon Business Revolving Loan Fund Program was developed to help the community achieve the following goals:

1. To strengthen the commerical base in the area by stabilizing exiting businesses and attracting new ones.

2. To create new and retain exisiting jobs.

3. To stimulate new private investments within the community.

4. To benefit the Town of Schroon.

Eligible Applicants:

The Town of Schroon and/or all commercial businesses in the Town of Schroon are eligbile for assistance through the program.  Existing businesses and new businesses must be current with applicable property taxes.  In addition, all corporations and LLC's must be in good standing with New York State Franchise Laws.  If building renovations are part of the project, business property taxes must meet building code requirements at the conclusion of the project activities.  Projects must be in conformance with the lcoal land use and zoning ordiance.  A current business plan will be required and applicants must demonstrate and inability to pbratin financing from a commercial lender. 

Use of Funds:

The following is a PARTIAL list* of eligible loan uses:

1. Equipment purchase

2. Inventory enhancement

3. Property Aquisition

4. Interior Display Units and Fixtures

5. Display Lighting

6. Interior Design and Remodeling

7. Advertising and Promotion

8. Exterior Improvements (if undertaken in conjunction with other activities).

9. Cash Flow

10. Professional Fees

* This list is given only as an example.

For more information regarding the Town of Schroon Business Revolving Loan Fund please click on the following link and down load the complete application: Town_of_Schroon_Revolving_Loan_App.pdf

 

CURRENT TOWN OF SCHROON REVOLVING LOAN COMMITTEE MEMBERS (2 YEAR TERM)

 Cathy Moses - 12/31/2018

Diane Tyrell - 12/31/2018

Mary Egan - 12/31/2018

Roger Sachleben - 12/31/2018

Vacant - 12/18/2018  (will be taken by the new assigned bank manager for Glens Falls National Bank)

Alternate - James Robbins - 12/31/2018

 

 

 


Town of Schroon Business Revolving Loan Fund