May 8, 2021
LAKE GEORGE — The Lake Champlain-Lake George Regional Planning Board has partnered with the Essex County Industrial Development Agency, Hamilton County IDA and Lewis County Economic Development to offer low-interest loans to businesses affected by the COVID-19 pandemic.
Businesses are eligible for loans from $25,000 to $150,000 at an unprecedented 1.9% interest for up to seven years. There are no application or closing costs, and the first 12 months’ payments are interest-only. Eligible business must be located in Warren, Washington, Hamilton, Essex, Clinton, St. Lawrence, Lewis or Jefferson counties.
Loans can be used for working capital, equipment purchase or facility upgrades related to the COVID-19 pandemic. All applicants must show how their business has been negatively affected by the COVID-19 pandemic.