MICRO-GRANTS FOR ADIRONDACK FARMS

For this round of grants, the Adirondack Council and the Essex Farm Institute (EFI) are seeking grant proposals for up to $1,500 from Adirondack farmers and value-added producers for projects that will enhance the environmental benefits their businesses provide. Project areas can include but are not limited to, soil management, water quality improvements, energy conservation, and emissions reductions. Preference will be given to proposals that will be fully funded by the micro-grants, utilize organic practices, and aligns with Essex Farm Institute’s vision and mission.

Deadline to apply: March 31, 2021


PANDEMIC RECOVERY WORKING CAPITAL LOAN PROGRAM

Loan Amount: Up to $10,000
Term: Up to 48 months
Rate: 5% fixed

Eligibility: Applicant must be eligible to receive Federal funds and be qualified under the SBA Microloan Program. Must be an existing business currently in operation, demonstrate the ability to repay the debt, borrower must have fair/good credit history.

For more information: contact Steven Garneau at sgarneau@aedconline.com or 518-891-5523
SMALL BUSINESS FINANCING AVAILABLE

Loan fund can be used for:
Machinery and equipment
Working capital
Furniture and fixtures
Real property

Minimum loan amount: $10,000
Interest rate: 4%
Eligible for profit businesses must employ less than 50 persons
Gross revenue: less than $1 million

This is an Equal Opportunity Program. For more information, please contact Carol Calabrese at 518-873-9114 or ccalabrese@essexcountyida.com
COVID-19 IMPORTANT UPDATES
INCREASE LENDING LIMIT FOR COVID-19 EIDL LOANS

The SBA is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000.