NY Forward Loan Fund NOW Available to PPP Recipients
Previously ineligible small businesses who received PPP Assistance of $50,000 or less are now eligible to receive low-interest working capital loans.
Eligible small businesses and small residential landlords can apply for a 60-month, no-fee loan with a 3% fixed interest rate; while eligible non-profits can apply for a 60-month, no-fee loan at 2% fixed interest. The maximum loan amount is $100,000. Loan funds can be used for working capital including payroll, operating and emergency maintenance, property taxes, utilities and costs associated with refitting physical space to follow social distancing guidelines.
The Regional Office of Sustainable Tourism (ROOST) launched Adirondack Wayfinder, a new website that showcases the Adirondacks through thematic road trip itineraries. The goal of Adirondack Wayfinder is to help highlight the variety of experiences and the unique communities that make up the Adirondack region.
For the initial launch, the website highlights topics relevant to traveling in the fall of 2020, such as motorcycle touring, breweries, farm trails, and family-friendly itineraries. Existing thematic trails, including the New York State Designated Adirondack Cuisine Trails, are also available on the website. Additionally, Adirondack Wayfinder features easy access to fall foliage reports and “Adirondack Travel Alerts,” which hosts information on what travelers should know about traveling in the Adirondacks and New York state during this time.
As seasons change, and more businesses and attractions around the Adirondacks continue to return to regular operations, the types of trails highlighted will adjust and continue to grow. Additionally, businesses and communities are encouraged to create their own trails and itineraries. For anyone who has an idea for a new trail, a toolkit has been developed by River Street Planning and Development, in conjunction with ROOST and Hamilton County, to assist others in developing their own trails and itineraries.
The Lake Champlain Lake George Regional Planning Board (LCLGRPB) is accepting applications for their COVID-19 Small Business Recovery Loan program. This loan program is available to for-profit businesses in Clinton, Essex, Franklin, Hamilton, Lewis, St. Lawrence, Warren, and Washington counties who have been impacted by the coronavirus pandemic.
Businesses can request up to $150,000 in loan funds to cover things like mortgages, utilities, payroll expenses, equipment purchases, facility upgrades, and more.
COVID-19 Small Business Recovery Loan Program Details:
·Loan amounts of up to $150,000
·1.9% fixed interest rate*
·Interest-only for first 12 months
·Terms up to seven years
facility and infrastructure upgrades
·Sufficient collateral required
·Personal guarantee require
Interested businesses can contact Andrea Palmer at (518) 668-5773 or via email at Andrea.Palmer@lclgrpb.org to start the process.
October 15, 2020 from 8AM – 9:15AM
The Center for Businesses in Transition will continue its popular workshop series that covers topics relevant for transitioning businesses.
All workshops will be held virtually via Zoom and workshops will also be recorded so that interested business owners will be able to view them at their convenience and as needed in the future.