Program is for working capital needs that relate directly to economic injury as a result of the COVID-19 pandemic or equipment and facility upgrades necessary to comply with heightened safety and social distancing protocols (such as expansion of outdoor dining space or upgrading ventilation systems). Deadline is May 1, 2021.
Loans are $25,000 - $150,000
Additional terms include:
- 1.9% fixed interest rate
- First 12-months interest-only payments
- Up to 84-month term available
- No application fee or closing costs
- Must show job retention
- Sufficient collateral, repayment ability and personal guarantee required
For more info contact Carol Calabrese at (518) 873-9114 or by email [email protected]