AEDC - Business Loan Programs

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Adirondack Economic
Development Corporation
67 Main Street Suite 200
P.O. Box 747
Saranac Lake, NY 12983-0747
Toll-Free 1-888-243-AEDC
518-891-5523
518-891-9820 fax
info@AEDConline.com

Central Adirondack Office
P.O. Box 1088
Old Forge, NY 13420
Phone/FAX: 369-3128 Cell: 315-369-8240
caed@telenet.net

:"In accordance with Federal Law and U.S. Department of Agriculture policy, this Institution is prohibited from discriminating on the basis of race, color, and national origin, sex, age, or disability. (Not all prohibited bases apply to all programs). 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)."

CONTACT AEDC

AEDC offers a telecommunications device for the deaf. Interested loan applicants can phone the State Relay System at 1-800-662-1220.

AEDC BUSINESS LOAN PROGRAMS

Since our inception in 1984, AEDC has been committed to providing access to capital for start-up and existing businesses located in and around the Adirondack Park. We have provided business financing to many entrepreneurs who were unable to attract financing from traditional commercial lenders. We often work in partnership with regional commercial banks and with other public sector lenders. Our Direct Lending Programs are summarized below. In addition to our direct lending programs, we offer Loan Packaging services to address the needs of business financing beyond the scope of our own programs. Business Advisory services are available at little or no charge to our clients.

	General Business Micro Loan Program ($500 - $35,000)	Tourism Loan Fund ($25,000 - $100,000)
Areas of Eligibility:	Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Oneida, Oswego, St. Lawrence, Saratoga, Warren, and Washington Counties	Clinton, Essex, Franklin, Hamilton, Herkimer, Jefferson, Lewis, St. Lawrence, Saratoga, and Warren Counties

Use of Funds:	Purchase of Business Assets (except real estate); Working capital	Purchase of Business Assets; Working capital to Tourism Related Businesses

Application Consideration:	Credit History Job Creation Community Impact Owner Equity Strength of Business Plan	Credit History Job Creation Community Impact Owner Equity Strength of Business Plan

Please call us for additional information and assistance.

Click here for Loan Applications.

Adirondack Economic Development Organization Releases Strategic Plan

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