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Incentives & Programs :: Otsego County Development Corporation Loan Fund
Otsego County Development Corporation Rural Revolving Loan Fund
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Use:
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Agricultural and Hi-Tech Businesses
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Loan Amount:
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Range from $12,000-$75,000
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Interest Rate:
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4% fixed interest
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Term:
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3-5 years Working Capital
5-7 years Machinery and Equipment
10-15 years Real Estate Financing
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Project minimum:
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$30,000, with the County funding no more than 40% of the
total project.
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Job Creation:
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One job should be created for every $10,000 borrowed.
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“This institution is an equal opportunity provider, and employer. To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410 or call (800)795-3272(voice) or (202)720-6382(TDD)” |
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Click here for program guidelines and loan application.
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