The LDC operates 4 revolving loan fund programs. The 1st 2 focus on manufacturing facilities, the 3rd assists small business and the 4th was adopted to assist business ventures that are geared towards assisting with projects that enhance community. All funds stress new job creation and offer flexible terms and an attractive interest rate.
The Washington County LDC is designated by the New York Business Development Corporation as an Associate Development Company. This allows direct access to NYBDC financial products for LDC clients.
The Warren-Washington Counties Industrial Development Agency is authorized to issue both tax exempt and taxable industrial development bonds for projects involving manufacturing, commercial and civic facilities.
Various state and federal programs are available to for-profit businesses, including direct loans, loan guarantees and interest rate subsidies.
The LDC has an excellent working relationship with area financial institutions. In many cases, the LDC and local banks have jointly participated in business development projects.
The LDC offers assistance in the preparation of financing packages for expanding business and industry.
Assistance is provided in determining the most appropriate avenue of financing on an individual, confidential basis.