Programs and Incentives
Loan Programs

Loan Programs

Niagara County Revolving Loan Fund (RLF)

    • Direct loan program designed to promote economic development by providing “gap” financing for qualified projects.
    • Loan amount is based on number of jobs created and/or retained.
    • Will provide up to one third (1/3) of total project costs with a maximum RLF amount of $200,000.
    • Loan proceeds can be used for fixed asset financing and bear a below-market rate.
    • Loan terms are 3 to 15 years based on the use of proceeds.
    • Most firms engaged in manufacturing, R&D, and business services are eligible.

Niagara County Economic Development Fund (NEDF)

    • Can provide 30% of total project costs or $250,000 (whichever is less). Funds the fixed asset portion of manufacturing, assembly, or wholesale distribution projects.
    • Loan amount based on jobs created/retained.
    • Below market interest rate, with terms of 7 years or less for machinery and equipment, and 15 years or less for real estate.

Brownfields Cleanup Revolving Loan Fund (BCRLF)

    • Loans are available to remediate brownfields in order to facilitate their sustainable reuse.
    • Maximum amount loaned is $250,000 per site.
    • Below market interest rate with a term of 5 years or less.

***It is imperative to discuss your project with a Niagara County Center for Economic Development project manager before submitting an application in order to determine project eligibility. Please contact us today!

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