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Local Small Businesses Could Be Eligible For Millions In Loans

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A group, formerly known as the Broome County Industrial Development Agency, says up to $2 million in loans are available to eligible small businesses in the county.

This program is open to existing businesses in operation for at least three years with 2 to 500 employees and revenues generally between $500,000 and $20 million. Real estate investment or development projects and financing entities are not eligible. Loans range from $150-thousand to $2-million for operating businesses and can be used for things such as working capital, machinery and equipment.

Interested businesses should contact the agency at 584-9000.