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Regional Revolving Loan Fund
The Regional Revolving Loan Fund is available* for small and medium sized businesses needing resources and generally participates with other public and private financing tools for:
*Loans are subject to availability of total funds and for each type of loan at time of application
Some Eligibility Requirements
Most Industrial and service activities including:
Borrowers must own and operate a business within the Genesee/Finger Lakes Region.
Financing Parameters
Some applicant responsibilities include:
Application Procedures
Step 1
Applicant contacts us at Genesee/Finger Lakes Regional Planning Council (rsutherland@gflrpc.org, 585-454-0190 x18) or contacts local industrial development agency (IDA) in area where project is located
Step 2
A meeting is held to determine if the project is a fit and all requirements can be met. If so, the application and instructions, along with assistance, is provided to the applicant.
Step 3
Completed application, supporting documentation, and application fee are submitted for consideration to RLF coordinator.
Step 4
Loan Review Committee reviews loan and sends recommendation to the G/FLRPC Executive Committee.
For a printable version of this information click here
- Fixed asset loans (eg. acquisition and improvement of land, buildings, plant and equipment, including new construction or renovation of existing facilities, demolition and site preparation)*
- Working capital loans for the start-up of new businesses or conduct of current businesses*
*Loans are subject to availability of total funds and for each type of loan at time of application
Some Eligibility Requirements
Most Industrial and service activities including:
- Industrial & Light Manufacturing
- Service Industries
- Retail, where opportunities for private sector jobs are greatest - NEW! -
Borrowers must own and operate a business within the Genesee/Finger Lakes Region.
- Genesee County
- Livingston County
- Monroe County
- Ontario County
- Orleans County
- Seneca County
- Wayne County
- Wyoming County
- Yates County
Financing Parameters
- Maximum loan is $200,000.
- Minimum loan amount is $20,000.
- The RLF cannot be used to substitute for available private capital and potential borrowers must demonstrate that credit is not otherwise available.
- Meet financing policies including but not limited to equity participation, repayment terms, and collateral requirements.
Some applicant responsibilities include:
- Application
- Meeting all requirements
- Evidence of job creation/retention
- Application fee of $250
- Loan closing costs
Application Procedures
Step 1
Applicant contacts us at Genesee/Finger Lakes Regional Planning Council (rsutherland@gflrpc.org, 585-454-0190 x18) or contacts local industrial development agency (IDA) in area where project is located
Step 2
A meeting is held to determine if the project is a fit and all requirements can be met. If so, the application and instructions, along with assistance, is provided to the applicant.
Step 3
Completed application, supporting documentation, and application fee are submitted for consideration to RLF coordinator.
Step 4
Loan Review Committee reviews loan and sends recommendation to the G/FLRPC Executive Committee.
For a printable version of this information click here