North Country Alliance  
   
           
 

what we do
    loan fund     
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    resources

who we are
    members

    board & committees
    vision
    regional stats

contact us
    email
    315.268.3778 x29
    North Country Alliance
    65 Main Street
    Box 8561
    Clarkson University
    Potsdam NY 13699-8561

 

The North Country Alliance oversees one of the country’s most successful rural revolving loan funds. Private for-profit businesses and not-for-profit organizations with 100 or fewer full time employees are eligible to apply for loans of up to the lesser amount of $225,000 or 40% of the project cost.

Funds can be borrowed for up to 5 years for working capital and up to 15 years to finance fixed assets. Interest rates are set for the life of the loan at prime less 1% with a floor of 5%.

The Regional Revolving Loan Fund will make loans to rural businesses and community development projects for the purpose of: establishing a new business, or financing the expansion of an existing businesses, or finance community development projects, or result in the creation of new employment.

To learn more about the eligible use of funds, fees, collateral requirements and contact information to apply for a North Country Revolving Loan Fund, please CLICK HERE to download a PDF of current terms. (268kb PDF)

North Country Alliance Loan Fund Administration, c/o Development Authority of the North Country
317 Washington Street, Watertown, New York 13601
Phone:  (315) 661-3200
Fax:  (315) 661-3202
TDD:  (800) 662-1220

The NCA is an Equal Opportunity Lender, Provider and Employer.  Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9410.

At A Glance | loan fund

  • Gap Financing
  • Finance New, Expansions
  • For-Profit, Not-For-Profit
  • Up to 5 years for Working Capital
  • Up to 15 years for Fixed Assets
  • Fixed Interest Rates at Prime, set at closing
  • Click here to download Info (268kb PDF)

Quick Links:

    Regional Economic Development Council
 
     
an alliance of businesses and economic development organizations working together
to grow the northern New York region. [Click here to join our partnership.]
 
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